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Question 22 1 pts In a sequential game, a firm will always want to be the leader to free-ride on the second-mover's investment. O True
Question 22 1 pts In a sequential game, a firm will always want to be the leader to free-ride on the second-mover's investment. O True O False Question 23 1 pts Mary can choose to open her restaurant in Darlinghurst (D) or Newtown (N). Mary's choice is observed by Jim, who can then choose to set up his establishment in either D or N. If Mary chooses D and then Jim D, the payoffs are (80, 40) to Mary and Jim, respectively. If the actions are (D, N), the payoffs are (40, 50). If the actions taken by the two restauranteurs are N followed by D, the payoffs are (30, 40). Finally, if the actions are (N, N) the payoffs are (50, 80). Choose all the correct statements below. O The threat of D by Jim following Mary's choice of D is credible. O The threat of N by Jim following Mary's choice of D is credible. O The threat of D by Jim following Mary's choice of N is credible. The threat of N by Jim following Mary's choice of N is credible O None of the threats by Jim are credible
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