11. What are the subgame perfect equilibria of the following game? Оut In 7,21 T. В 2 L R 9,3 1,1 1,1 3,9 (a) (InT, L), (OutB, R) and (OutT + OutB, L+ R). (b) (InT, L) and (OutB, R). (c) Out and (InT, L). (d) (InT, L), (OutB, R) and (OutT +OutB, L +R). (е) (InT, L).
11. What are the subgame perfect equilibria of the following game? Оut In 7,21 T. В 2 L R 9,3 1,1 1,1 3,9 (a) (InT, L), (OutB, R) and (OutT + OutB, L+ R). (b) (InT, L) and (OutB, R). (c) Out and (InT, L). (d) (InT, L), (OutB, R) and (OutT +OutB, L +R). (е) (InT, L).
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![11. What are the subgame perfect equilibria of the following game?
Out
In
T
B
7,21
L R
L/R
9,3 1,1 1,1 3,9
(a) (InT, L), (OutB, R) and (OutT+OutB, L + R).
(b) (InT, L) and (OutB, R).
(c) Out and (InT, L).
(d) (InT, L), (OutB, R) and (OutT+OutB, L + R).
(e) (InT, L).
2](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3b8bcd9d-0cbc-4008-8cef-f5e26821f355%2Fcff06f9e-f4a6-44f1-875a-797822600ca8%2Fzr2dfx_processed.jpeg&w=3840&q=75)
Transcribed Image Text:11. What are the subgame perfect equilibria of the following game?
Out
In
T
B
7,21
L R
L/R
9,3 1,1 1,1 3,9
(a) (InT, L), (OutB, R) and (OutT+OutB, L + R).
(b) (InT, L) and (OutB, R).
(c) Out and (InT, L).
(d) (InT, L), (OutB, R) and (OutT+OutB, L + R).
(e) (InT, L).
2
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