rThe following applies to questions 910 below. Consider the following sequential game (note Player 1’s payoffs are in the upper right cells}:

 If this game has a subgame-perfect Nash equilibrium, what is it? (Use strategy pairs (a,b) where a is Player 1’s equilibrium action and b is Player 2’s equilibrium action.)

A. (L,L)

B. (L,R)

C. (R,L)

D. (R,R)

E. No subgame-perfect Nash equilibrium

rThe following applies to questions 9—10 below. Consider the following sequential game (note —Player 1’s payoffs are in the upper right cells}:

 
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