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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 | 20, 11 | 15, 13 | 17, 18 | 5, 16 |
| B | 14, 20 | 19, 7 | 23, 24 | 8, 12 |
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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The General Managers
Authors: John P. Kotter
1st Edition
0029182301, 978-0029182307
