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Firm 1 earns $400, Discount Firm 2 earns $400 Firm 2 Discount No discount Firm 1 earns $500, Firm 2 earns $0 Firm 1 Firm

Firm 1 earns $400, Discount Firm 2 earns $400 Firm 2 Discount No discount Firm 1 earns $500, Firm 2 earns $0 Firm 1 Firm 1 earns $0, Discount Firm 2 earns $700 No Discount Firm 2 No discount Firm 1 earns $100, Firm 2 earns $100 Apply backward induction to the game above. In the subgame perfect Nash equilibrium:For the game below, what is the Subgame Perfect Nash Equilibrium? Firm 1 earns $200, Firm 2 earns $200 X Firm 2 Firm 1 earns $300, Firm 2 earns $400 Firm 1 Firm 1 earns $400 Firm 2 earns $300 Firm 2 Firm 1 earns $100, Firm 2 earns $100

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