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(c) Which of these equilibria is the subgame perfect Nash Equilibrium (SPNE)? Explain and illustrate your answer using backward induction on the game tree. (d)

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(c) Which of these equilibria is the subgame perfect Nash Equilibrium (SPNE)? Explain and illustrate your answer using backward induction on the game tree. (d) Pick any two of the other Nash equilibria that are not SPNE. Discuss the credibility problems associated with these equilibria

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