Discussion
In a Game Theory, the set of outcomes for a game is determined by:
Answer: C
In game theory, the pay off matrix lists the outcome for each player for every combination of strategies, so it determines the set of outcomes of a game. An equilibrium is a result of the play, a pay off is a single entry of the matrix, and 'shifting the steel firm' is not a game theory term. The key gives the pay off matrix, option C. The pay offs are shown in a table with each player's strategies on one side, and the cells show the gains.
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