Author Question: A player that starts at the end of the game and progresses to the first move to determine best ... (Read 64 times)

bobthebuilder · **on:** Jul 1, 2018

A player that starts at the end of the game and progresses to the first move to determine best responses

A) doesn't understand how to play a game.
B) is acting irrationally.
C) is using backward induction.
D) is using the Stackelberg Strategy.

Question 2

At the current price of a good Al's consumer surplus equals 15 and Ben's consumer surplus equals 15. By using two-part pricing a monopolist could increase his profit by

A) 8.
B) 16.
C) 15.
D) 30.