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Use the following payoff matrix for a simultaneous-move one-shot game to answer the accompanying questions.

                                                              Player 2

_______________________________________________________

           Strategy      |      C        |       D          |         E          |           F

_______________________________________________________

Player 1   |     A           |    7,16     |    19,24       |      23,8        |      12,14

                     _____________________________________________     

                 |     B           |    18,7     |     7,22        |      21,9        |      15,14


What is player 1's optimal strategy?

    

a. Strategy B.

b. Strategy A.

c. Player 1 does not have an optimal strategy.

Determine player 1's equilibrium payoff.

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