Use the Following Setup

question 36

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.
-​In the strategic view of bargaining the outcome depends on

• A)​Who makes the first move
• B)Who can commit to a position
• C)Whether or not the other party can make a countermove
• D)​All of the above

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Definitions:

Neurotransmitters

Chemicals in the brain that transmit signals from one neuron to another across synapses.

Autonomic Nervous System

The part of the nervous system that controls involuntary bodily functions, such as heart rate, digestion, and respiratory rate.

Biological Rhythm

A periodic, more or less regular fluctuation in a biological system; it may or may not have psychological implications.

Physiological Functioning

The activities and processes of the body's systems and organs, maintaining life and health.