The diagram used to show one player's strategies across the top and the other player's strategies along the left,with the corresponding outcomes in the appropriate boxes is a
A) game matrix.
B) flow chart.
C) mixed strategy.
D) an oligopoly problem.

Question

Quizplus · Accepted Answer

A game matrix, also known as a payoff matrix, is a diagram that shows the strategies and outcomes of a two-player game. It is commonly used in game theory to analyze strategic interactions between players. Flow charts are used to show a sequence of steps in a process, whereas mixed strategy is a concept in game theory that involves players randomly choosing their strategies. An oligopoly problem refers to a market dominated by a small number of firms, which is not related to the diagram format.

The Diagram Used to Show One Player's Strategies Across the Top