on=Consider the following game, where both players 1 and 2 have 3 possible moves, respectively di, i 1, 2, 3,and dj, j = 1, 2, 3, with the following payoff matrix:81 82 83d₁ (2,5) (0,10) (0,7)d2 (7,6) (9,6) (0,3)d3 (3,2) (8,7) (0,6)How many Pareto optimal pairs are there in this game?O a. 4O b. 1О с. 0O d. 2O e. 3O f. 6O g. 8Oh. 7Oi. 5Oj. 9

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How many Pareto optimal pairs are there in this game?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

on
=
Consider the following game, where both players 1 and 2 have 3 possible moves, respectively di, i 1, 2, 3,
and dj, j = 1, 2, 3, with the following payoff matrix:
81 82 83
d₁ (2,5) (0,10) (0,7)
d2 (7,6) (9,6) (0,3)
d3 (3,2) (8,7) (0,6)
How many Pareto optimal pairs are there in this game?
O a. 4
O b. 1
О с. 0
O d. 2
O e. 3
O f. 6
O g. 8
Oh. 7
Oi. 5
Oj. 9

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