Question: Consider the following simultaneous - move game that represents the payoffs from different advertising campaigns ( low , medium, and high spending ) for two
Consider the following simultaneousmove 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 is given below. Which of the following statement is correct?
tableCandidate B low,Candidate B medium,Candidate B highCandidate A low,Candidate A medium,Candidate A high,
Candidate A has no dominant strategy.
Candidate A has a dominant strategy: low
Candidate A has a dominant strategy: medium
Candidate A has a dominant strategy: high
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