12. What is the subgame-perfect outcome from a finitely repeated game? a. Iterated Elimination Outcome played in each stage b. Backwards Induction Outcome played in each stage c. Nash Equilibrium played in each stage d. Nash Equilibrium in stage 1 only

12. What is the subgame-perfect outcome from a finitely repeated game? a. Iterated Elimination Outcome played in each stage b. Backwards Induction Outcome played in each stage c. Nash Equilibrium played in each stage d. Nash Equilibrium in stage 1 only

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: Oligopoly

Section: Chapter Questions

Problem 5CQQ

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Question

12. What is the
subgame-perfect outcome from a finitely repeated game?
a. Iterated Elimination Outcome played in each stage
b. Backwards Induction Outcome played in each stage
Nash Equilibrium played in each stage
d. Nash Equilibrium in stage 1 only

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