The following matrix shows the payoffs for Firm 1 and Firm 2 from the strategies R1,R2,and C1,C2 respectively:
Figure 10-2

-Refer to Figure 10-2.Identify the correct statement.
A)Firm 1's dominant strategy is R1.
B)The equilibrium strategies are R2 versus C1.
C)Neither player has a dominant strategy.
D)The equilibrium payoffs are 10 and 4.
E)The game is a constant-sum game.

Question

The following matrix shows the payoffs for Firm 1 and Firm 2 from the strategies R1,R2,and C1,C2 respectively:
Figure 10-2
 
-Refer to Figure 10-2.Identify the correct statement.
A)Firm 1's dominant strategy is R1. 
B)The equilibrium strategies are R2 versus C1. 
C)Neither player has a dominant strategy. 
D)The equilibrium payoffs are 10 and 4. 
E)The game is a constant-sum game.

Quizplus · Accepted Answer

The Answer of The following matrix shows the payoffs for Firm 1 and Firm 2 from the strategies R1,R2,and C1,C2 respectively:
Figure 10-2
 
-Refer to Figure 10-2.Identify the correct statement.
A)Firm 1's dominant strategy is R1. 
B)The equilibrium strategies are R2 versus C1. 
C)Neither player has a dominant strategy. 
D)The equilibrium payoffs are 10 and 4. 
E)The game is a constant-sum game.

The Following Matrix Shows the Payoffs for Firm 1 and Firm