Refer to the following payoff matrix:Player 1Player 2??Low QHigh Q?Low Q$50,$5$15,$30?High Q$40,$2$2,$1Suppose the production game depicted in the payoff matrix is a sequential-move game. Identify the strategy leading to a first-mover advantage for player 2.
A. Player 2 moves first and plays Low Q. Observing player 2's move, player 1's best response is to play Low Q.
B. Player 2 moves first and plays High Q. Observing player 2's move, player 1's best response is to play Low Q.
C. Player 2 moves first and plays High Q. Observing player 2's move, player 1's best response is to play High Q.
D. Player 1 moves first and plays Low Q. Observing player 1's move, player 2's best response is to play High Q.
Answer: B
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