Question: Use the following payoff matrix for a simultaneous-move one-shot game to answer the accompanying questions. Player 2 Strategy C D E F A (8, 14)

Use the following payoff matrix for a simultaneous-move one-shot game to answer the accompanying questions.

Player 2

Strategy C D E F

A (8, 14) (4, 20) (3, 10) (11, 12)

Player 1 B. (6, 22) (12, 28). (16, 12). (14, 9)

a. What is player 1's optimal strategy?

  • Strategy B.
  • Player 1 does not have an optimal strategy.
  • Strategy A.

b. Determine player 1's equilibrium payoff.

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