Pertaining to the matrix game theory problem

Reference no: EM1327192

Question: From the given payroll matrix where the payoff refer to profit that firm A and B earn from their possible strategies, determine (a) the strategies of the firm (b) where will the firm end up in the matrix equilibrium (c) whether the firm face the prisoner's dilemma.

Firm B

Enter Don't; Enter

Resist Entry (5,6) (13,9)

Firm A

Don't Resist Entry (4,12) (12,9)

Reference no: EM1327192

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