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}

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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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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