Use the Following Setup

question 59

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.
-​If the customer moves first,with a low price what is the best response of the shopkeeper

• A)​Accept the low price
• B)Walk away from the deal
• C)Throw the haggling customer out of your store
• D)​Shut down your store

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