Suppose the Production Game Depicted in the Above Payoff Matrix

Multiple Choice

Suppose the production game depicted in the above payoff matrix is a sequential-move game.Identify the strategy leading to a first-mover advantage for player 2.

A) Player 2 moves first and plays Low Q.Observing player 2's move player 1's best response is to play Low Q.
B) Player 2 moves first and plays High Q.Observing player 2's move player 1's best response is to play Low Q.
C) Player 1 moves first and plays Low Q.Observing player 1's move player 2's best response is to play High Q.
D) Player 2 moves first and plays High Q.Observing player 2's move player 1's best response is to play High Q.