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Use the Following Setup

Question 36

Multiple Choice

use the following setup
Consider a sequential game between a shopkeeper and a haggling customer.The party who moves first chooses either a high price ($50) or low price ($20) and the second mover either agrees to the price or walks away from the deal and neither party gets anything.Ignore costs and assume the customer values the item at $60.
-​In the strategic view of bargaining the outcome depends on


A) ​Who makes the first move
B) Who can commit to a position
C) Whether or not the other party can make a countermove
D) ​All of the above

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