14.3 Sequential Dynamic Games

question 69

Multiple Choice

14.3 Sequential Dynamic Games
-The above figure shows the payoff to two gasoline stations,A and B,deciding to operate in an isolated town.Suppose a $60 fee is required to enter the market.If firm A chooses its strategy first,then

• A) firm A will not enter.
• B) neither firm will enter.
• C) both firms will enter.
• D) firm A will enter and firm B will not.

Understand the concept of spurious correlation and the difference between causation and correlation.

Gain knowledge on qualitative and quantitative research methods and their application in social sciences.

Comprehend the ethical considerations involved in social research.

Understand the principle of validity and reliability in research.