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MULTIPLE CHOICE (identify the one best answer below and explain your reasoning for each option ): Recall the Game of chicken from the previous problem

MULTIPLE CHOICE (identify the one best answerbelow and explain your reasoning for eachoption): Recall the Game of chicken from the previous problem set. If James is the leader in the game then: (hint:you can draw the game tree to see it better)

a.There are two equilibrium outcomes that coincide with the Nash equilibria.

b.The unique equilibrium outcome is James playing Rooster and Buzz playing Chicken.

c.The equilibrium outcome is the same as if Buzz were the leader.

d.All of the above.

e.None of the above.

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