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Use the Following to Answer Questions: Table: Payoff Matrix
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Question 97

Multiple Choice

Use the following to answer questions: Table: Payoff Matrix
The following shows a payoff matrix with two players and two strategies. The payoffs are listed in the order of Player 1's payoffs, Player 2's payoffs.  Player 2  Cheat  Cooperate (400,2,000)  Player 1  Cooperate (1,000,1,000) (500,500)  Cheat (2,000,400) \begin{array} { | l | l | c | c | } \hline & & \text { Player 2 } & { \text { Cheat } } \\\hline & & \text { Cooperate } & ( 400,2,000 ) \\\hline \text { Player 1 } & \text { Cooperate } & ( 1,000,1,000 ) & ( 500,500 ) \\\hline & \text { Cheat } & ( 2,000,400 ) & \\\hline\end{array}
-(Table: Payoff Matrix) Refer to the table. What is Player 2's strategy in this game?


A) always cooperate
B) always cheat
C) cooperate when Player 1 cooperates; cheat when Player 1 cheats
D) cheat when Player 1 cooperates; cooperate when Player 1 cheats

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