A payoff matrix shows
A)The risks and rewards of alternative decision options.
B)The payoffs of one firm always choosing to price low.
C)What companies will do no matter what the other firm does.
D)The losses from strategic decisions of two countries.

Question

Quizplus · Accepted Answer

A payoff matrix shows the risks and rewards of alternative decision options. It outlines the possible outcomes of the decisions made by one or more players in a game or situation, and what they stand to gain or lose from each option.

A Payoff Matrix Shows