Question
Use the following payoff matrix for a simultaneous-move one-shot game to answer the accompanying questions. Player 2 Strategy C D E F Player 1 A
Use the following payoff matrix for a simultaneous-move one-shot game to answer the accompanying questions.
| Player 2 | |||||
| Strategy | C | D | E | F | |
| Player 1 | A | 12, 11 | 18, 18 | 23, 19 | 6, 27 |
| B | 19, 7 | 3, 18 | 20, 12 | 22, 22 |
a. What is player 1's optimal strategy?
multiple choice 2
- Strategy B
- Player 1 does not have an optimal strategy.
- Strategy A
b. Determine player 1's equilibrium payoff.
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Macroeconomics
Authors: Stephen d. Williamson
5th Canadian edition
133847144, 9780134604794 , 978-0133847147
