Question: Consider the following game that represents the payoffs from different advertising campaigns (low, medium, and high spending) for two political candidates that are running for
Consider the following game that represents the payoffs from different advertising campaigns (low, medium, and high spending) for two political candidates that are running for a particular office.The values in the payoff matrix represent the share of the popular vote earned by each candidate:
Candidate B-low
Candidate B-medium
Candidate B-high
CandidateA -low
50, 50
40, 60
20, 80
CandidateA -medium
60, 40
70, 50
35, 65
CandidateA -high
80, 55
65, 35
50, 70
Does either player have a dominant strategy?
A.Yes.Candidate A's dominant strategy is medium and Candidate B's dominant strategy is low.
B.No.Neither candidate has a dominant strategy.
C.Yes.Both candidate's have a dominant strategy of high.
D.Yes.Candidate B's dominant strategy is high.
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