Question: 2. Staff representatives at GC Casting are negotiating a three-year enterprise agreement with management. Different strategies encompass different proposals for rates of pay and various

2. Staff representatives at GC Casting are2. Staff representatives at GC Casting are

2. Staff representatives at GC Casting are negotiating a three-year enterprise agreement with management. Different strategies encompass different proposals for rates of pay and various conditions of employment (e.g., redundancy provisions, sick leave). The negotiations have all the characteristics of a zero-sum game. Table 1 shows the financial gains (in thousands of dollars) to staff from each strategy. (a) (2 marks) Does this payoff table contain any dominant strategies? (b) (6 marks) Determine the strategy or strategies for the two players and the expected) gains and losses for each. Table 1: Payoffs to Staff Management Strategies x Y z 70 85 100 95 65 90 70 85 70 Staff Strategies B D 75 80 65

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