For each row write the lowest element to the right, and for each column write the greatest element below the matrix

maximum {2,1} = 2, minimum {4, 2, 7} = 2. There exists an equilibrium pair (1st row, 2nd column). The number 2, which lies in the intersection of 1st row and 2nd column, is the lowest in the 1st row, is the greatest in the 2nd column.