Consider the game between the teens from the previous question. Instead of being a simultaneous game, suppose it is sequential, with teen A moving first. What is the subgame-perfect equilibrium of this new game?
a. Both Declare.
b. Both Ignore/Rebuff.
c. It is a mixed strategy equilibrium.
d. Teen A Declares and Teen B follows A's action.
d
Economics
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Americans, other than jewelers or rare coin collectors, were not allowed to own gold from the early 1930s until the
A) 1950s. B) 1960s. C) 1970s. D) 1980s.
Economics
When firms in a U.S. industry outsource some of their production,
A) both U.S. labor demand and U.S. wages in the industry fall B) U.S. labor demand falls, but U.S. wages are not affected. C) U.S. labor demand remains unchanged, but U.S. wages fall. D) U.S. labor demand falls, but U.S. wages increase.
Economics