The Diagram Shows the Extensive Form Version of a Strategic

Multiple Choice

The diagram shows the extensive form version of a strategic game between the two nationally dominant coffee sellers, Corporate Coffee and Jumbo Java, both of whom are considering opening coffee shops in a new town. The payoffs represent, in thousands per month, the profit (or loss) the firm will realize from its decision. Which of the following statements is true about this game?

A) There is no Nash equilibrium for this game.
B) Corporate Coffee's entry into the market is preempted by Jumbo Java's decision.
C) Jumbo Java's entry into the market is preempted by Corporate Coffee's decision.
D) The players move simultaneously in this game.