The Baseball Players's Association has voted to go on strike if the settlement is not reached with owners within next month. Players's representative, Melvin Mulehead, has 2 strategies (containing different free agent rules, pension formulas, etc.); owners' representative, Roy Stonewall, has 3 counter proposals. Financial gains, in millions of dollars from every player strategy, provided each owner strategy, are given in the table.
|
Owners Strategy -A |
Owners Strategy -B |
Owners Strategy -C |
| Player's Strategy 1 |
$15 |
$9 |
$11 |
| Player's Strategy 2 |
$7 |
$20 |
$12 |
|
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i) Find initial strategy for players and owners.
ii) Is this pure or mixed strategy game? Describe.