The correct answer is option c)
Answer:
The correct answer is option c.
Explanation:
A payoff matrix is a table that shows the payoff of two players according to the strategies they adopt. The rows show the strategies of one player and the columns show the strategies of the other and cells show payoff.
It is very important in game theory as it summarizes what return or payoff each player is getting according to its action or strategy.
It helps in determining whether a dominant strategy of players and Nash equilibrium exists or not.
ANSWER: Such organization is called Cartel.
Explanation: Gogo gas and fab fuels are the few large producers of gasoline in the country. They work together to co-operate the aspects of their market and limit the competition. Under cartel the prices are raised in order to increase the profit and in order to avoid the competition cartel prices can be fixed by and for the members. These associations are independent firms and exerts some traits of monopolistic impact on the sales or production of the commodity. They are organized like OPEC.
Answer:
Yes
Explanation:
Because of he really wants to sees his company growing up to another level