The matrix given below represents the payoffs to oil well owners Mike and Frasel if they enter into a unitization contract.Each of the owners know the exact amount of oil in the pool and the market price of oil.

-Refer to Table .What would be the combined gain of the two if both breach the unitization contract?
A)$22
B)$20
C)$28
D)$32

Question

The matrix given below represents the payoffs to oil well owners Mike and Frasel if they enter into a unitization contract.Each of the owners know the exact amount of oil in the pool and the market price of oil.

-Refer to Table .What would be the combined gain of the two if both breach the unitization contract?

-Refer to Table .What would be the combined gain of the two if both breach the unitization contract?
A)$22 
B)$20 
C)$28 
D)$32

Quizplus · Accepted Answer

The Answer of The matrix given below represents the payoffs to oil well owners Mike and Frasel if they enter into a unitization contract.Each of the owners know the exact amount of oil in the pool and the market price of oil.

-Refer to Table .What would be the combined gain of the two if both breach the unitization contract?
A)$22 
B)$20 
C)$28 
D)$32

The Matrix Given Below Represents the Payoffs to Oil Well