Question: Use the following payoff matrix for a simultaneous-move one-shot game to answer the accompanying questions. Player 2 StrategyCDEFPlayer 1A 25, 154, 2016, 1428, 12 B

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

Player 2StrategyCDEFPlayer 1A25, 154, 2016, 1428, 12B10, 105, 158, 618, 13

a. What is player 1's optimal strategy?

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

b. Determine player 1's equilibrium payoff.

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