-Consider the Noncooperative, Static Game Depicted in Figure 3

Multiple Choice

-Consider the noncooperative, static game depicted in Figure 3.1. Two hunters are stalking bear or raccoon. Each could hunt raccoon alone, or they can coordinate their efforts by hunting bear. Sharing a bear is preferred to sharing a raccoon. The payoffs in this game are measured in units of satisfaction. If larger payoffs are preferred, the most likely focal-point equilibrium for this game is:
I. {Bear, Bear}.
II. {Raccoon, Raccoon}.
III. {Bear, Raccoon}.
IV. {Raccoon, Bear}.
Which of the following is correct?

A) I only.
B) II only.
C) III only.
D) IV only.
E) I and II only.