What is true about the following payoff matrix? $$\begin{array} { | l | l | c | }
\hline & { \text { A: not cooperate } } & \text { A: cooperate } \
\hline \text { B: do not cooperate } & \text { A: } 2 , \text { B: } 2 & \text { A: } 1 , \text { B: } 3 \
\hline \text { B: cooperate } & \text { A: } 3 , \text { B: } 1 & \text { A: } 0 , B : 0 \
\hline
\end{array}$$
A)Only player A has a dominant strategy.
B)Only player B has a dominant strategy.
C)Both player A and player B have dominant strategies.
D)Neither player A nor player B has a dominant strategy.

Question

What is true about the following payoff matrix? $$\begin{array} { | l | l | c | } 
\hline &  { \text { A: not cooperate } } & \text { A: cooperate } \
\hline \text { B: do not cooperate } & \text { A: } 2 , \text { B: } 2 & \text { A: } 1 , \text { B: } 3 \
\hline \text { B: cooperate } & \text { A: } 3 , \text { B: } 1 & \text { A: } 0 , B : 0 \
\hline
\end{array}$$
A)Only player A has a dominant strategy.
B)Only player B has a dominant strategy.
C)Both player A and player B have dominant strategies.
D)Neither player A nor player B has a dominant strategy.

Quizplus · Accepted Answer

Both player A and player B have dominant strategies. Player A's dominant strategy is to cooperate, and player B's dominant strategy is to not cooperate.

What Is True About the Following Payoff Matrix A)Only Player a Has a Dominant Strategy