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accompanying payoff matrix. Player 1 Player 2 Low Q High Q Low Q $50,$5 $15,$30 High Q $40,$2 $2,$1 Suppose the production game depicted in
accompanying payoff matrix. Player 1 Player 2 Low Q High Q Low Q $50,$5 $15,$30 High Q $40,$2 $2,$1 Suppose the production game depicted in the payoff matrix is a sequential-move game. Identify the strategy leading to a first-mover advantage for player 2. Multiple Choice Player 2 moves first and plays Low Q. Observing player 2's move, player 1's best response is to play Low Q. Player 1 moves first and plays Low Q. Observing player 1's move, player 2's best response is to play High Q. Player 2 moves first and plays High Q. Observing player 2's move, player 1's best response is to play Low Q. Player 2 moves first and plays High Q. Observing player 2's move, player 1's best response is to play High
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