Create a Three-By-Three Matrix That Represents a Two-Person Zero-Sum Game

question 9

Essay

Create a three-by-three matrix that represents a two-person zero-sum game in which each player has three options and the game has a saddlepoint.

---

Definitions:

Demand Schedule

A table that shows the quantity of goods or services that consumers are willing and able to purchase at various prices.

Nonprice Competition

A strategy used by businesses to attract customers through methods other than price, like quality, service, and brand reputation.

Product Promotion

Activities undertaken to inform potential customers about a product or service, encouraging its purchase.

Real Characteristics

Essential and tangible attributes or features of goods, services, or economic conditions that can be measured and evaluated.