Scenario: The matrix below shows the payoffs to two firms when they choose between two different strategies. The first number listed in each cell is the payoff to the row player, and the second number listed is the payoff to the column player.

-Refer to the scenario above.What is the sum of the payoffs to the firms if both firms use strategy A?

Question

Scenario: The matrix below shows the payoffs to two firms when they choose between two different strategies. The first number listed in each cell is the payoff to the row player, and the second number listed is the payoff to the column player.
 
-Refer to the scenario above.What is the sum of the payoffs to the firms if both firms use strategy A?

Quizplus · Accepted Answer

Without the specific scenario details, it's impossible to accurately determine the sum of the payoffs. However, if both firms using strategy A results in a sum of payoffs of 0, it's typically indicative of a balanced outcome where neither firm gains or loses relative to the other, often seen in scenarios modeled by game theory.

Scenario: the Matrix Below Shows the Payoffs to Two Firms