Please look at the payoff matrix below which shows the benefits that would accrue to each player in a 2-player, non-sequential, non-repeated game.

1. Identify the collusive (cooperative) equilibrium.
2. Identify the secure strategy (maximin) equilibrium
3. Identify the maximax equilibrium
4. Identify the Nash equilibrium

Transcribed Image Text:

Banana Inc. Strategy 1 60 Strategy 2 400 Strategy 3 90 Strategy X 20 70 40 100 70 150 Apple Inc. Strategy Y 30 50 80 200 80 300 Strategy Z 10 90 100 Banana Inc. Strategy 1 60 Strategy 2 400 Strategy 3 90 Strategy X 20 70 40 100 70 150 Apple Inc. Strategy Y 30 50 80 200 80 300 Strategy Z 10 90 100

Answer rating: 100% (QA)

Collusive cooperative equilibrium A collusive equilibrium also known as a cooperative equilibrium is an outcome where both players choose strategies t... View the full answer