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Suppose there are 2 players in a non-cooperative game theory situation. Player A can move Up or Down while Player B can choose Left or

Suppose there are 2 players in a non-cooperative game theory situation. Player A can move Up or Down while Player B can choose Left or Right. The following matrix contains the payoffs that each player receives under 4 scenarios. The first number in each cell refers to the payoffs for Player A.

Player B

Player A

Left

Right

Up

10, 60

50, 90

Down

20, 80

40, 50

Which of the following statements is true, assumong both players make their decisions simultaneouly?

A.

Both players have a dominant strategy

B.

Player A has a dominant strategy but Player B does not

C.

Player B has a dominant strategy but Player A does not

D.

Neither player has a dominant strategy

E.

There is no equilibrium in this game

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