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Use the following to answer question:
Table 12.14 Use the following to answer question: Table 12.14   -(Table 12.14)  The payoffs represent profits in millions of dollars. Suppose that this simultaneous-move game is played once in each period for 3 periods. In period 1, the outcome will be _____, and in period 2, the outcome will be _____. A)  (6 , 6) ; (4 , 4)  B)  (4 , 4) ; (4 , 4)  C)  (2 , 7) ; (6 , 6)  D)  (6 , 6) ; (6 , 6)
-(Table 12.14) The payoffs represent profits in millions of dollars. Suppose that this simultaneous-move game is played once in each period for 3 periods. In period 1, the outcome will be _____, and in period 2, the outcome will be _____.

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Definitions:

Life Policy

A life policy is an insurance agreement that pays out a sum of money either upon the death of the insured person or after a set period.

Premiums Payable

The amount due for payment on an insurance policy.

Deductible

The amount a policyholder must pay out of pocket before an insurance company will cover the remaining costs of a claim.

Medical Bills

The costs charged for services rendered by healthcare professionals or facilities.

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