Scenario: The payoff matrix given below shows the payoffs to two rival firms in millions of U.S. dollars for each strategy they choose. The first number listed in each cell is the payoff to the row player, and the second number listed is the payoff to the column player.

-Refer to the scenario above.The sum of the firms' payoffs is maximum when ________.
A) both the firms choose Strategy X
B) both the firms choose Strategy Y
C) Firm A chooses Strategy X and Firm B chooses Strategy Y
D) Firm A chooses Strategy Y and Firm B chooses Strategy X

Question

Scenario: The payoff matrix given below shows the payoffs to two rival firms in millions of U.S. dollars for each strategy they choose. The first number listed in each cell is the payoff to the row player, and the second number listed is the payoff to the column player.
 
-Refer to the scenario above.The sum of the firms' payoffs is maximum when ________.
A) both the firms choose Strategy X 
B) both the firms choose Strategy Y 
C) Firm A chooses Strategy X and Firm B chooses Strategy Y 
D) Firm A chooses Strategy Y and Firm B chooses Strategy X

Quizplus · Accepted Answer

The Answer of Scenario: The payoff matrix given below shows the payoffs to two rival firms in millions of U.S. dollars for each strategy they choose. The first number listed in each cell is the payoff to the row player, and the second number listed is the payoff to the column player.
 
-Refer to the scenario above.The sum of the firms' payoffs is maximum when ________.
A) both the firms choose Strategy X 
B) both the firms choose Strategy Y 
C) Firm A chooses Strategy X and Firm B chooses Strategy Y 
D) Firm A chooses Strategy Y and Firm B chooses Strategy X

Scenario: the Payoff Matrix Given Below Shows the Payoffs to Two