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# Answer on Microeconomics Question for mohammed abdu

Question #46215
Consider the following payoff matrix:
1 2

1 $1,000 -$2,000
$2,000 -$1,000
Player A Strategy

-$1,000$2,000
2 -$2,000$1,000

a. Does Player A have a dominant strategy? Explain why or why not.
b. Does Player B have a dominant strategy? Explain why or why not.
a. Player A has a dominant strategy, he will preffer the strategy 1 to minimize possible losses and maximize possible gains. In our case both Player A and Player B will chose strategy 1, so Player A will get $2000 and Player B will get$1000.
b. Player B has a dominant strategy too, he will preffer the strategy 1 to minimize possible losses. That&#039;s why, in our case both Player A and Player B will chose strategy 1, so Player A will get $2000 and Player B will get$1000.

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