The following matrix gives the profits (in thousands of dollars)for Firm 1 and Firm 2 from high-price,medium-price,and low-price pricing strategies:
Table 10-1

-Which of the following is true of a zero-sum game?
A)The value of the game will be equal to zero.
B)Each player always has a dominant strategy.
C)One player will gain at the expense of the other player.
D)There are only two players in a zero-sum game.
E)One player's payoff is independent of the other player's actions.

Question

The following matrix gives the profits (in thousands of dollars)for Firm 1 and Firm 2 from high-price,medium-price,and low-price pricing strategies:
Table 10-1
 
-Which of the following is true of a zero-sum game?
A)The value of the game will be equal to zero. 
B)Each player always has a dominant strategy. 
C)One player will gain at the expense of the other player. 
D)There are only two players in a zero-sum game. 
E)One player's payoff is independent of the other player's actions.

Quizplus · Accepted Answer

The Answer is C

The Following Matrix Gives the Profits (In Thousands of Dollars)for