The following matrix shows the payoffs that two furniture manufacturers receive depending on the prices they set for their desks and tables. Discuss what would happen in this game if it was played only once. Would the outcome change if the game was repeated? $$\begin{array} { | c | c c c | }
\hline & { \text { Dave's desks } } \
\hline & & £ 80 & £ 50 \
{ \text { Tom's tables } } & £ 80 & 100 : 100 & 30 : 150 \
& £ 50 & 150 : 30 & 80 : 80 \
\hline
\end{array}$$

Question

The following matrix shows the payoffs that two furniture manufacturers receive depending on the prices they set for their desks and tables. Discuss what would happen in this game if it was played only once. Would the outcome change if the game was repeated? $$\begin{array} { | c | c c  c | } 
\hline &  { \text { Dave's desks } } \
\hline  & & £ 80 & £ 50 \
{ \text { Tom's tables } } & £ 80 & 100 : 100 & 30 : 150 \
& £ 50 & 150 : 30 & 80 : 80 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of The following matrix shows the payoffs that two furniture manufacturers receive depending on the prices they set for their desks and tables. Discuss what would happen in this game if it was played only once. Would the outcome change if the game was repeated? $$\begin{array} { | c | c c  c | } 
\hline &  { \text { Dave's desks } } \
\hline  & & £ 80 & £ 50 \
{ \text { Tom's tables } } & £ 80 & 100 : 100 & 30 : 150 \
& £ 50 & 150 : 30 & 80 : 80 \
\hline
\end{array}$$

The Following Matrix Shows the Payoffs That Two Furniture Manufacturers