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Consider the following game between two players: a) (4 points) Draw player 1 and player 2 's
payoffs on the X and Y axis. On the X axis, measure player 1's payoff, and on the Y axis,
measure player 2 's payoff. Label each allocation from the table on the graph. It should look
something like this: link. b) (4 points) Which allocations are Pareto Efficient and why?

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Consider the following game between two players a) (4 points) Draw p.pdf

  • 1. Consider the following game between two players: a) (4 points) Draw player 1 and player 2 's payoffs on the X and Y axis. On the X axis, measure player 1's payoff, and on the Y axis, measure player 2 's payoff. Label each allocation from the table on the graph. It should look something like this: link. b) (4 points) Which allocations are Pareto Efficient and why?