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(Figure 1: Sequential Games) Use backwards induction to find the outcome of this game if Saudi Arabia goes first. Strategies for each player are choose

(Figure 1: Sequential Games) Use backwards induction to find the outcome of this game if Saudi Arabia goes first. Strategies for each player are choose a high or low level of oil output. Saudi Arabia 60,20 O 75,15 80,30 100.10 high low Nigeria Nigeria high low V high low Saudi Arabia Nigeria 80 60 75 100 30 20 15 10

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