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Q4 (25%) The Table below shows the payoffs of two teenage siblings quarrelling about sharing their music playlisls. Teenager B Sharing | Not sharing Teenager
Q4 (25%) The Table below shows the payoffs of two teenage siblings quarrelling about sharing their music playlisls. Teenager B Sharing | Not sharing Teenager A Sharing 50, 50 2D. 30 Not sharing 30, 20 25, 25 1. Assuming that the game is played simultaneously: A. How many. if any. Nash equilibriums are there? B. What is the Pareto equilibrium? C. Is this an \"arms race" or a \"chicken" game and why? 2. Show the equilibrium solution if the game is played sequentially with teenager A being the rst mover
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