Answer and Explanation:
1. There is no dominant strategy as each person has to respond with a different strategy like using a different instrument depending on the instrument chosen by the other to achieve best payoff
2. If Bill picks keyboard then it would be best for Ted to pick guitar as this is his preferred instrument which would bring best payoff
3. If Ted picks guitar, then bull should pick keyboard which he prefers and would be the best payoff
4. A nash equilibrium would not exist here since Ted should choose guitar if bull chooses drums and bill should choose guitar if Ted chooses keyboard
5. A Nash equilibrium can exist here since Ted should choose drums when bill chooses guitar.
Answer:
b. the CPI in Bovania is less than in the previous year.
Explanation:
The CPI in Bovania is less than in the previous year.
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We usually see yellow lines when the road is for 2 way. Meaning the road is divided for 2 traffic counter traffic flow.
When you were able to cross from one way to the other way which is separated by the yellow line, then expect that you are doing counter flow and you are doing a violation.
There are different kind of lines that are being put in the road, the broken white line, the broad white line and more.
And all of them has different kind of meaning.
Broken white lines - you can change your lane as long as it is safe
Solid white line - you must stay on your lane