The Following Matrix Shows the Payoffs for Firm 1 and Firm

question 49

Multiple Choice

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.

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Definitions:

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Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, known for his theories of the unconscious mind.

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