Referring to the following payoff matrix: Player 1 Strategy A Strategy B Strategy C Strategy D Strategy

Referring to the following payoff matrix:

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Player 1 Strategy A Strategy B Strategy C Strategy D Strategy E Strategy F Strategy I 50, 80 138, 42 80, 20 60, 100 85, 182 62, 65 Player 2 Strategy II Strategy III 60, 74 30, 125 210, 92 165, 76 32, 210 170, 182 92, 120 78,44 75,30 90, 210 120, 80 70, 22 Strategy IV 60, 75 130, 65 60, 76 170, 88 165, 68 150, 22 (a) What meaningful comments can you make on (i) this game and (ii) the strategies of the players. (10 marks) (b) Briefly explain each of your comments. (10 marks) (c) If Strategy B of Player 1 is no longer viable, what would be the outcome? Briefly explain. (5 marks) Player 1 Strategy A Strategy B Strategy C Strategy D Strategy E Strategy F Strategy I 50, 80 138, 42 80, 20 60, 100 85, 182 62, 65 Player 2 Strategy II Strategy III 60, 74 30, 125 210, 92 165, 76 32, 210 170, 182 92, 120 78,44 75,30 90, 210 120, 80 70, 22 Strategy IV 60, 75 130, 65 60, 76 170, 88 165, 68 150, 22 (a) What meaningful comments can you make on (i) this game and (ii) the strategies of the players. (10 marks) (b) Briefly explain each of your comments. (10 marks) (c) If Strategy B of Player 1 is no longer viable, what would be the outcome? Briefly explain. (5 marks)

Answer rating: 100% (QA)

a i This game is a twoplayer game in which each player can choose from a variety of strategies to achieve their goal Each player has the option to choose from a range of strategies and each strategy h... View the full answer