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Player 2 Player 1 Low Q High Q Low Q $50,$5 $15, $30 High Q $40, $2 $2, $1 Suppose the production game depicted in
Player 2 Player 1 Low Q High Q Low Q $50,$5 $15, $30 High Q $40, $2 $2, $1 Suppose the production game depicted in the payoff matrix is a sequential-move game. Identify the strategy leading to a first-mover advantage for player 1. Multiple Choice O Player 1 moves first and plays High Q. Observing player 1's move, player 2's best response is to play High Q. Player 1 moves first and plays Low Q. Observing player 1's move, player 2's best response is to play High Q. O Player 1 moves first and plays High Q. Observing player 1's move, player 2's best response is to play Low Q. O Player 1 moves first and plays Low Q. Observing player 1's move, player 2's best response is to play Low
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