If a Game Contains Private Information, Then

question 73

Multiple Choice

If a game contains private information, then

• A)the game's outcome is affected.
• B)firms will engage in cheap talk to coordinate their actions.
• C)players will decide not to play the game.
• D)third-party negotiations are necessary to resolve the information gap.

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Definitions:

Inform

To provide someone with knowledge or information about a particular subject or situation.

Persuade

To convince someone to do or believe something through reasoning or the use of temptation.

Brief Written Message

A concise and clear written communication intended to convey information or instructions effectively.

Analyzing Your Audience

The process of understanding the characteristics, expectations, and needs of the audience to whom you are communicating.