Consider the following sequential move game: 
a.What are the subgame perfect equilibrium strategies in this game?
b.List all possible strategies for the two players.
c.Illustrate this game in a payoff matrix.
d.Indicate the Nash equilibria in the payoff matrix from (c).
e.What makes some of the Nash equilibria not subgame perfect?
Definitions:
Product Markets
Markets where goods and services produced by businesses are sold to households and other businesses.
Optimal Level
The most efficient, effective, or desirable point or state for a specific goal or condition, often in economic and operational contexts.
Market Supply Curve
Represents the total quantity of a good or service that all producers in a market are willing to sell at different price levels, at a given time.
Shift
A change in the position of a demand or supply curve, indicating a change in the quantity demanded or supplied at every price.
Q1: If a separating equilibrium is played in
Q2: When set correctly, a Pigouvian tax is
Q14: Which of the following diseases accounts for
Q15: Under which of the following monopoly pricing
Q22: The cross-price demand for capital (relative to
Q24: At most museums, you can either buy
Q32: The more inelastic the supply curve in
Q46: One of the common pitfalls in market
Q65: Name two types of microscopy that are
Q66: In ethnographies, the researcher becomes<br>A) the secondary