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 Player 1 A

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

Player 2

Strategy

C

D

E

F

Player 1

A

26, 19

7, 16

12, 5

19, 10

B

9, 18

16, 2

4, 14

20, 15

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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