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Juld be willing for the option of moving first instead of second. Suppose instead that you are to play the first round of a series
Juld be willing for the option of moving first instead of second. Suppose instead that you are to play the first round of a series of 10 rounds (with the same competitor). In each round, you and your competitor announce your output at the same time. You want to maximize the sum of your profits over the 10 rounds. How much will you produce in the first round? How much do you produce in the tenth round? In the ninth round? Explain briefly. If you play a series of 10 rounds of this game with the same competitor, then you should O A. produce 10.50 units of output in each round because collusion is not possible in finite games. O B. produce 21.00 units of output in each round because collusion is not possible in finite games. C. produce 14.00 units of output in each round because collusion is not possible in finite games. OD. produce 10.50 units of output in the first round and 14.00 units of output in the last nine rounds because collusion is only possible in the first period. O E. produce 10.50 units of output
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