Business

Lukas

7 June, 17:00

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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