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
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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
Transcribed Image Text: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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