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QUESTION 1 P1 gets $100 Up P2 gets $100 Up P1 gets $0 Down P2 gets $105 Up P1 gets $10 P2 gets $10 Down

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QUESTION 1 P1 gets $100 Up P2 gets $100 Up P1 gets $0 Down P2 gets $105 Up P1 gets $10 P2 gets $10 Down Down P1 gets $105 P2 gets $0 Player 1 Player 2 In the game above, what will player 2 do if P1 chooses up O Up O DownIn the game above, what will player 2 do if player 1 chooses down eLearning Help ? O up O down QUESTION 3 In the game above, what is/are the sub-game perfect Nash equilibrium? O (up, up) O (up, down) (down, up) (down, down) No equilibrium QUESTION 4 In the game above, is/are the sub-game perfect Nash equilibrium efficient? O Yes O No. (up, up) is better for both O No. (up, down) is better for both O No. (down, up) is better for both No. (down, down) is better for both O No. More than one option is better for both

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