Solve the below problem:
Q: Consider the example, but with the following reward matrix:
Proposal Contract A B C 1 8.5 7.0 7.5 2 12.0 9.5 9.0 3 9.0 11.0 8.0 2
• Is there an equilibrium point?
• Find the strategies which are dominated by other strategies, and reduce the size of the reward matrix.
• Formulate the LP problem to determine the optimum strategy for the union and the optimum strategy of the manager