Consider a Two-Person, Zero-Sum Game Where the Payoffs Listed Below

question 17

Essay

Consider a two-person, zero-sum game where the payoffs listed below are the winnings for Company X. Identify the pure strategy solution. What is the value of the game? $$\begin{array} { c | c c c } & { \text { Company Y Strategies } } \\\text { Company X Strategies } & y _ { 1 } & y _ { 2 } & y _ { 3 } \\\hline x _ { 1 } & 3 & 5 & 9 \\x _ { 2 } & 8 & 4 & 3 \\x _ { 3 } & 7 & 6 & 7\end{array}$$

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Definitions:

Protective Tariffs

Levies placed on goods brought into a country to safeguard local businesses against overseas competition by increasing the cost of foreign products.

National Railroad Network

A widespread system of railways covering a nation, facilitating the transportation of goods and passengers across various regions.

Global Economy

The interconnected worldwide economic activities that involve the exchange of goods, services, technology, and capital across borders.

Manufacturing Jobs

Employment in industries that produce goods using labor and machines, typically involving the transformation of raw materials into finished products.