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8. Consider the strategic-form game shown below: A) Assume that both players are rational. What happens in the game? B) Assume that both players are rational and that each player believes that the other is rational. What happens in the game? C) Find the strategies that survive the process of iterated deletion of strictly dominated strategies. .

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8. Consider the strategic-form game shown below: A) Assume that both players are rational. What happens in the game? B) Assume that both players are rational and that each player believes that the other is rational. What happens in the game? C) Find the strategies that survive the process of iterated deletion of strictly dominated strategies.

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