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1. Assuming that the game is played simultaneously: A. How many, if any, Nash equilibriums are there? B. What is the Pareto equilibrium? C. Is

1. Assuming that the game is played simultaneously: A. How many, if any, Nash equilibriums are there? B. What is the Pareto equilibrium? C. Is this an "arms race" or a "chicken" game and why? 2. Show the equilibrium solution if the game is played sequentially with teenager A being the first mover

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