Figure: Payoff Matrix for Gehrig and Gabriel (Figure: Payoff Matrix for Gehrig and Gabriel) The figure Payoff Matrix for Gehrig and Gabriel refers to two people who sell handmade Davy Crockett figurines in San Antonio.Both Gehrig and Gabriel have two strategies available to them: to produce 5,000 figurines each month or to produce 7,000 figurines each month.For Gehrig and Gabriel, the dominant strategy is to:

Question

Figure: Payoff Matrix for Gehrig and Gabriel   (Figure: Payoff Matrix for Gehrig and Gabriel) The figure Payoff Matrix for Gehrig and Gabriel refers to two people who sell handmade Davy Crockett figurines in San Antonio.Both Gehrig and Gabriel have two strategies available to them: to produce 5,000 figurines each month or to produce 7,000 figurines each month.For Gehrig and Gabriel, the dominant strategy is to:

Quizplus · Accepted Answer

Looking at the payoff matrix, it is evident that producing 7,000 figurines each month is the dominant strategy for both Gehrig and Gabriel. This is because regardless of what the other person chooses, the payoff for producing 7,000 figurines is higher than producing 5,000 figurines. Therefore, the best choice for both Gehrig and Gabriel is to produce 7,000 figurines each month.