The Baseball Players? Association has voted to go on strike if a settlement is not reached with
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Question:
The Baseball Players? Association has voted to go on strike if a settlement is not reached with the owners within the next month. The players? representative, Melvin Mulehead, has two strategies (containing different free agent rules, pension formulas, etc.); the owners? representative, Roy Stonewall, has three counterproposals. The financial gains, in millions of dollars, from each player strategy, given each owner strategy, are shown in the following payoff table:
a. Determine the initial strategy for the players and for the owners.
b. Is this a pure or a mixed strategy game? Explain.
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