The outcomes of different combinations of strategies by two players in a game are indicated in the
A)strategy box
B)payoff matrix
C)competition matrix
D)outcome dilemma
E)collusion matrix

Question

Quizplus · Accepted Answer

The payoff matrix shows the outcomes of different combinations of strategies by two players in a game. By analyzing the possible outcomes, players can determine the best choice(s) to maximize their payoff or minimize their losses. Therefore, the best choice(s) can be determined by studying the payoff matrix.

The Outcomes of Different Combinations of Strategies by Two Players