Scenario: The following payoff matrix represents a simultaneous-move game between two players: Dan and Jessa. Each player has two choices: Strategy X or Strategy Y. The first number in each cell is the payoff to Dan, and the second number is the payoff to Jessa.

-Refer to the scenario above.Which statement is true?
A) This game has one Nash equilibrium.
B) This game has two Nash equilibria.
C) This game does not have a dominant strategy equilibrium.
D) This game has two dominant strategy equilibria.

Question

Scenario: The following payoff matrix represents a simultaneous-move game between two players: Dan and Jessa. Each player has two choices: Strategy X or Strategy Y. The first number in each cell is the payoff to Dan, and the second number is the payoff to Jessa.
 
-Refer to the scenario above.Which statement is true?
A) This game has one Nash equilibrium. 
B) This game has two Nash equilibria. 
C) This game does not have a dominant strategy equilibrium. 
D) This game has two dominant strategy equilibria.

Quizplus · Accepted Answer

This game has one Nash equilibrium, which is (Cooperate, Cooperate).

Scenario: the Following Payoff Matrix Represents a Simultaneous-Move Game Between