Consider the following payoff matrix for two producers: Gabriel and Manuel. The ...
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Consider the following payoff matrix for two producers: Gabriel and Manuel. The first coordinate represents Gabriel’s payoff in each case, and the second coordinate represents Manuel’s payoff in each case. For Manuel and for Gabriel, the dominant strategy is
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Manuel
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Produce 5000 units
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Produce 7000 units
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Gabriel
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Produce 5000 units
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100 , 100
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80 , 110
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Produce 7000 units
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110 , 80
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90 , 90
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