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QUESTION 1 Player 1 Player 2 Pl gets $12 P2 gets $12 Pl gets $0 P2 gets 514- P1 gets $3 P2 gets $3 Pl

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QUESTION 1 Player 1 Player 2 Pl gets $12 P2 gets $12 Pl gets $0 P2 gets 514- P1 gets $3 P2 gets $3 Pl gets $13 P2 gets $2 In the game above, what is/are the sub-game perfect Nash equilibrium? O (up, up) (up, down) (down, up) (down, down) No equilibrium exists QUESTION 2 In the game above, is/are the sub-game perfect Nash equilibrium efficient? O Yes O No

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