Use the following payoff matrix for a simultaneous-move one-shot game to answer the accompanying questions. Player 2
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Question:
Use the following payoff matrix for a simultaneous-move one-shot game to answer the accompanying questions.
Player 2StrategyCDEFPlayer 1A7, 1619, 2423, 812, 14B18, 77, 2221, 915, 14
a. What is player 1's optimal strategy?
multiple choice
- Strategy A.
- Strategy B.
- Player 1 does not have an optimal strategy.
b. Determine player 1's equilibrium payoff.
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