Edgar Allan Melville is a successful novelist who is negotiating a contract for a new novel...

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Edgar Allan Melville is a successful novelist who is negotiating a contract for a new novel with his publisher, Potboiler Books, Inc. The novelist's contract strategies encompass various proposals for royalties, movie rights, advances, and the like. The following payoff table shows the financial gains for the novelist from each contract strategy: Publisher Strategy Novelist Strategy A B C 1 $80,000 $120,000 $90,000 2 130,000 90,000 80,000 3 110,000 140,000 100,000 a. Does this payoff table contain any dominant strategies? b. Determine the strategy for the novelist and the publisher and the gains and losses for each. Edgar Allan Melville is a successful novelist who is negotiating a contract for a new novel with his publisher, Potboiler Books, Inc. The novelist's contract strategies encompass various proposals for royalties, movie rights, advances, and the like. The following payoff table shows the financial gains for the novelist from each contract strategy: Publisher Strategy Novelist Strategy A B C 1 $80,000 $120,000 $90,000 2 130,000 90,000 80,000 3 110,000 140,000 100,000 a. Does this payoff table contain any dominant strategies? b. Determine the strategy for the novelist and the publisher and the gains and losses for each.