Use the Following to Answer Questions: Table: Payoff Matrix
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question 28

Multiple Choice

Use the following to answer questions: Table: Payoff Matrix
The following shows a payoff matrix with two players and two strategies. The payoffs are listed in the order of Player 1's payoffs, Player 2's payoffs. $$\begin{array} { | l | l | c | c | } \hline & & \text { Player 2 } & { \text { Cheat } } \\\hline & & \text { Cooperate } & ( 400,2,000 ) \\\hline \text { Player 1 } & \text { Cooperate } & ( 1,000,1,000 ) & ( 500,500 ) \\\hline & \text { Cheat } & ( 2,000,400 ) & \\\hline\end{array}$$
-(Table: Payoff Matrix) Refer to the table. What is Player 1's strategy in this game?

• A) always cooperate
• B) always cheat
• C) cooperate when Player 2 cooperates; cheat when Player 2 cheats
• D) cheat when Player 2 cooperates; cooperate when Player 2 cheats

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