Use the following payoff matrix for a simultaneous-move one-shot game to answer the accompanying questions. player 2 strategy c d e f player 1 a 26, 19 7, 16 12, 5 19, 10 b 9, 18 16, 2 4, 14 20, 15 a. what is player 1’s optimal strategy? strategy b. player 1 does not have an optimal strategy. strategy a. b. determine player 1’s equilibrium payoff.

Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.