3.Use the following payoff matrix for a simultaneous-move one-shot game to answer the accompanying questions.

**Player 2**

**Strategy**

**C**

**D**

**E**

**F**

**Player 1**

**A**

15, 7

10, 11

19, 15

18, 20

**B**

8, 12

19, 7

12, 3

15, 16

a. What is player 1’s optimal strategy?

Strategy A.

Player 1 does not have an optimal strategy.

Strategy B.

b. Determine player 1’s equilibrium payoff.

4. Use the following payoff matrix for a simultaneous-move one-shot game to answer the accompanying questions.

**Player 2**

**Strategy**

**C**

**D**

**E**

**F**

**Player 1**

**A**

10, 23

14, 20

20, 16

22, 14

**B**

14, 26

8, 5

20, 9

19, 14

a. What is player 1’s optimal strategy?

Player 1 does not have an optimal strategy.

Strategy B.

Strategy A.

b. Determine player 1’s equilibrium payoff.

</pclass=”msonormal”>