Question: Hi, would love some help with this homework question. I have to reduce this down to ideally to a 2x2 payoff matrix so that I

Hi, would love some help with this homework

Hi, would love some help with this homework question. I have to reduce this down to ideally to a 2x2 payoff matrix so that I can perform a EGL analysis on it.

Question 2. Every three years a Staff negotiates an 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. Table 1: Payoffs to Staff a. Does this payoff table contain any dominated strategies? Identify them, if any, and obtain a reduced payoff table after eliminating them. (30 marks)

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