Consider the same setup with the curved final exam as in the previous question. Now suppose the students move sequentially. Which best describes the outcome in the subgame-perfect equilibrium?
a. Brainiacs study and Numbskulls party regardless of who moves first.
b. Brainiacs party and Numbskulls study regardless of who moves first.
c. The party moving first studies.
d. The party moving first parties.
c
You might also like to view...
The expenditure-based method of national accounting ________
A) only tracks the purchase of goods and services by firms B) does not track the purchase of investment goods by firms and households C) only tracks the purchase of goods and services by the government D) tracks the purchase of all goods by households, firms and the government
Use the above table. The MPC is
A. 0.09. B. 0.91. C. 0.80. D. 0.20.
Which of the following is not a form of air pollution?
A. The greenhouse effect. B. Smog. C. Acid rain. D. Thermal pollution.
On the Heritage Foundation's scale of "Economic Freedom," which of the following factors contribute to "Economic Freedom"?
A. high tariffs to protect domestic jobs B. a vibrant labor union movement C. a guaranteed minimum wage D. a legal system conducive to business