Answer the Following Questions Related to This Game

question 20

Short Answer

Answer the following questions related to this game.
Figure 1 Soft-liner Elite Confronts a Weak Civil Society

-What is the subgame perfect Nash equilibrium of the game? Write the equilibrium in the form (soft-liner's move at its top node, soft-liner's move at its bottom node; Civil Society's move).

---

Definitions:

Price Discrimination

A pricing strategy where a business charges different prices to different customers for the same product or service, based on what the seller believes the customer is willing to pay.

Producer

An individual or organization that creates goods or services to sell to consumers.

Price Discrimination

The strategy of selling the same product or service at different prices to different groups of consumers, typically based on willingness to pay.

Deadweight Loss

A loss in economic efficiency that occurs when the equilibrium output is not achieved or when supply and demand are out of balance.