A representation of how each combination of choices affects the profits of each player is known as a:
A)strategic interaction matrix.
B)Nash equilibrium.
C)payoff matrix.
D)dominant strategy equilibrium.

Question

Quizplus · Accepted Answer

A payoff matrix is a table that shows the payoffs for each player for every possible combination of actions. It is a tool used in game theory to represent the outcomes of a game, making it easier to analyze strategic interactions and outcomes.

A Representation of How Each Combination of Choices Affects the Profits