Use the Following Setup

question 47

Multiple Choice

use the following setup
Consider a sequential game between a shopkeeper and a haggling customer.The party who moves first chooses either a high price ($50) or low price ($20) and the second mover either agrees to the price or walks away from the deal and neither party gets anything.Ignore costs and assume the customer values the item at $60.
-​Looking ahead to how the shopkeeper is more likely to respond what price should the customer more likely to quote?

• A)​High price
• B)Low price
• C)Let the shopkeeper quote the price
• D)​A compromised price between the high and the low

---

Definitions:

Civil Rights

Rights protecting individuals' freedom from unjust discrimination or infringement; typically include rights to free speech, fair trial, and equal treatment under the law.

Antiwar Movements

Social movements, often in response to specific military conflicts, that seek to end or prevent war through protests and advocacy.

Activist Organizations

Activist organizations are groups that advocate for social, political, environmental, or other changes, often engaging in various forms of public demonstrations and lobbying.

Virtual Offices

Virtual offices provide businesses with an address and office-related services without the overhead of a long lease and administrative staff, offering a blend of remote work and physical office presence.