(Table: Players A and B IV) Payoffs represent profits in millions of dollars. Which of the following statements is (are) TRUE?
I. In a simultaneous game that is played only once, the Nash equilibrium is (0 , 0).
II. In a sequential game in which Player A moves first, the Nash equilibrium is (6 , 0).
III. In the sequential game, Player A has a first-mover advantage.
A) I and III
B) II
C) II and III
D) I, II, and III

Question

(Table: Players A and B IV) Payoffs represent profits in millions of dollars.  Which of the following statements is (are) TRUE?
I. In a simultaneous game that is played only once, the Nash equilibrium is (0 , 0).
II. In a sequential game in which Player A moves first, the Nash equilibrium is (6 , 0).
III. In the sequential game, Player A has a first-mover advantage.
A) I and III 
B) II 
C) II and III 
D) I, II, and III

Quizplus · Accepted Answer

The Answer of (Table: Players A and B IV) Payoffs represent profits in millions of dollars.  Which of the following statements is (are) TRUE?
I. In a simultaneous game that is played only once, the Nash equilibrium is (0 , 0).
II. In a sequential game in which Player A moves first, the Nash equilibrium is (6 , 0).
III. In the sequential game, Player A has a first-mover advantage.
A) I and III 
B) II 
C) II and III 
D) I, II, and III

(Table: Players a and B IV) Payoffs Represent Profits in Millions