Question
Figure 12.1 Reference: Ref 12-19 (Figure 12.1) Which table corresponds to the tree-form game above? Group...
Figure 12.1
Reference: Ref 12-19
(Figure 12.1) Which table corresponds to the tree-form game above?
Group of answer choices
(a)
Firm B | |||
Up | Down | ||
Firm A | High | (8, 12) | (10, 4) |
Low | (9, 16) | (12, 3) |
(b)
Firm B | |||
Up | Down | ||
Firm A | High | (8, 12) | (9, 16) |
Low | (10, 4) | (12, 3) |
(c)
Firm B | |||
Up | Down | ||
Firm A | High | (8, 12) | (12, 3) |
Low | (9, 16) | (10, 4) |
(d)
Firm B | |||
Up | Down | ||
Firm A | High | (9, 16) | (8, 12) |
Low | (12, 3) | (10, 4)![]() |
Figure 12.1 A,B 8,12 Up В. High Down 9,16 Ad 10,4 Low Up Down 12,3 Reference: Ref 12-19 (Figure 12.1) Which table corresponds to the tree-form game above?
Answers
Looking at the tree form game given and the payoffs being shown, we can see that the payoff matrix which corresponds to the game tree is option B. So, option B is the correct answer.
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