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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
26, 19
7, 16
12, 5
19, 10
B
9, 18
16, 2
4, 14
20, 15
a. What is player 1's optimal strategy?
Strategy B.Player 1 does not have an optimal strategy.Strategy A.
b. Determine player 1's equilibrium payoff.
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