Refer to the information provided in Figure 12.5 below to answer the question(s) that follow. 
Figure 12.5
Refer to Figure 12.5. A firm produces hula hoops in a perfectly competitive market and currently produces and sells 100 per week. At this production quantity of 100 per week, society would be best served
A. if the price was higher than $10 per hula hoop.
B. if the price was lower than $10 per hula hoop.
C. if the price remained at $10 per hula hoop.
D. Society cannot be best served at a production quantity of 100, regardless of the price per hula hoop.
Answer: B
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Gary and Christine are two players in game, in which Gary's decisions are based on the choice made by Christine. This is an example of a(n) ________
A) simultaneous move game B) extensive-form game C) pure-strategy game D) zero-sum game
If the game in Scenario 13.13 were not played sequentially,
A) the only equilibrium would be (R2,C1 ). B) the only equilibrium would be (R1,C2 ). C) the only equilibria would be (R2,C1 ) and (R1,C2 ). D) the only equilibria would be (R2,C1 ), (R1,C2 ) and a mixed strategy equilibrium. E) there would not be any equilibrium.