Scenario 13.5 Consider the Following Game

question 41

Multiple Choice

Scenario 13.5
Consider the following game:
-In the game in Scenario 13.5,

• A) there is one equilibrium: for both to expand West.
• B) there is one equilibrium: for both to expand South.
• C) there are two equilibria: either can expand in the West, and the other expands in the South.
• D) there is only a mixed strategies equilibrium.
• E) all four outcomes are equilibria.

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Definitions:

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An individual’s private motivations, goals, or objectives that drive their behavior and decisions in various contexts.

Listener Apprehension

Fear of misunderstanding, misinterpreting, or being unable to adjust to the spoken messages of others.

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The act of showing, demonstrating, or delivering information to an audience.

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A governing body responsible for making decisions on local laws, policies, and regulations in a city.