Relative to a simultaneous-move situation, the loss to firm C from having to move second in the game in Scenario 13.14, would be:
A) 37.
B) 20.
C) 12.
D) 8.
E) 5.

Name: Relative to a simultaneous-move situation, the loss to firm C from having to move second in the game in Scenario 13.14, would be: A) 37. B) 20. C) 12. D) 8. E) 5.
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Question

Quizplus · Accepted Answer

In Scenario 13.14, firm C's payoff is 35 when it moves first and 23 when it moves second. Thus, its loss from moving second is: 
35 - 23 = 12. Therefore, the answer is C) 12.

Relative to a Simultaneous-Move Situation, the Loss to Firm C