questions c, d, e and f

Consider the following game: Bull Meat Expand in the Expand in the West South 10,60 50,90 Deer Meat Expand in the West Expand in the South 20, 80 40, 50 Question 2 Assume that when Deer Meat expands to the south and Bull Meat expands to the West, the payoff for Deer Meat is 70 dollars. Otherwise, the payoffs are the same. a) Find all SPNE when the game is played sequentially and Deer Meat moves first. (1 mark) Are there any Nash Equilibria that are based on non-credible threats? (1 mark) b) Find all SPNE when the game is played sequentially and Bull Meat moves first. (1 mark) c) Explain the first mover's advantage in the context of the above example (1 mark) d) Based on your answers above, explain whether the following statement is true or false: "When the game is played sequentially, the outcome of the game is always Pareto efficient." (1 mark) e) Assume that Deer Meat plays first. What is the maximum amount of money that Bull Meat would be willing to pay to Deer Meat to move first? (1 mark) What is the lowest amount of money that Deer Meat would accept to move second? (1 mark) f) Assume that Bull Meat plays first. What is the maximum amount of money that Deer Meat would be willing to pay to Bull Meat to move first? (1 mark) What is the lowest amount of money that Bull Meat would accept to move second? (1 mark) Consider the following game: Bull Meat Expand in the Expand in the West South 10,60 50,90 Deer Meat Expand in the West Expand in the South 20, 80 40, 50 Question 2 Assume that when Deer Meat expands to the south and Bull Meat expands to the West, the payoff for Deer Meat is 70 dollars. Otherwise, the payoffs are the same. a) Find all SPNE when the game is played sequentially and Deer Meat moves first. (1 mark) Are there any Nash Equilibria that are based on non-credible threats? (1 mark) b) Find all SPNE when the game is played sequentially and Bull Meat moves first. (1 mark) c) Explain the first mover's advantage in the context of the above example (1 mark) d) Based on your answers above, explain whether the following statement is true or false: "When the game is played sequentially, the outcome of the game is always Pareto efficient." (1 mark) e) Assume that Deer Meat plays first. What is the maximum amount of money that Bull Meat would be willing to pay to Deer Meat to move first? (1 mark) What is the lowest amount of money that Deer Meat would accept to move second? (1 mark) f) Assume that Bull Meat plays first. What is the maximum amount of money that Deer Meat would be willing to pay to Bull Meat to move first? (1 mark) What is the lowest amount of money that Bull Meat would accept to move second? (1 mark)