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Q14. Do players have perfect information in the above game? Yes, all of them have perfect information   No, player 2 has imperfect information   No, player 3 has imperfect information   No, no player has perfect information     Q15. If we want to describe the above game with a strategic form representation, what would the strategy sets for the three players be?  Player 1={a, b, c} ; Player 2={x, y}; Player 3={r, s}   Player 1={a, b, c} ; Player 2={xx, xy, yx, yy}; Player 3={r, s}

Q14. Do players have perfect information in the above game? Yes, all of them have perfect information   No, player 2 has imperfect information   No, player 3 has imperfect information   No, no player has perfect information     Q15. If we want to describe the above game with a strategic form representation, what would the strategy sets for the three players be?  Player 1={a, b, c} ; Player 2={x, y}; Player 3={r, s}   Player 1={a, b, c} ; Player 2={xx, xy, yx, yy}; Player 3={r, s}

Microeconomics: Private and Public Choice (MindTap Course List)
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter2: Some Tools Of The Economist
Section: Chapter Questions
Problem 2CQ
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Q14. Do players have perfect information in the above game?
  • Yes, all of them have perfect information
     
  • No, player 2 has imperfect information
     
  • No, player 3 has imperfect information
     
  • No, no player has perfect information
     
 
Q15. If we want to describe the above game with a strategic form representation, what would the strategy sets for the three players be? 
  • Player 1={a, b, c} ; Player 2={x, y}; Player 3={r, s}
     
  • Player 1={a, b, c} ; Player 2={xx, xy, yx, yy}; Player 3={r, s}
     
 
X Player 1 4 Player 2 1 Player 3 2 230 2 X 1 1 1 1 b 235 6 0 3 5 3 S 1 O 6
Transcribed Image Text:X Player 1 4 Player 2 1 Player 3 2 230 2 X 1 1 1 1 b 235 6 0 3 5 3 S 1 O 6
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