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 18, 20 14, 5 22, 16 28, 22 B 22, 21 6, 15 15, 10 19, 26 a. What is player 1’s optimal strategy? multiple choice Player 1 does not have an optimal strategy. Strategy B. Strategy A. b. Determine player 1’s equilibrium payoff.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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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 18, 20 14, 5 22, 16 28, 22
B 22, 21 6, 15 15, 10 19, 26


a. What is player 1’s optimal strategy?

multiple choice

  • Player 1 does not have an optimal strategy.
  • Strategy B.
  • Strategy A.




b. Determine player 1’s equilibrium payoff.

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