Question: QUESTION 8 The payoff matrix for a two - player normal form game is given below. A B C M begin { tabular }

QUESTION 8
The payoff matrix for a two-player normal form game is given below.
A
B
C
M
\begin{tabular}{|l|l|l|}
\hline 1,2 & 4,5 & 6,3\\
\hline 2,2 & 5,1 & 2,4\\
\hline 4,2 & 1,5 & 7,3\\
\hline
\end{tabular}
Denote the probability of playing "M" for Player 1 as \( p \) and the probability of playing " B " for Player 2 as q . At which value of \( q \) will Player 1 be willing to mix between \( M \) and \( N \)?
Write your answer as a decimal number with 2 decimal places (e.g.0.05)
QUESTION 8 The payoff matrix for a two - player

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