Using the Following Sequential-Move Production Game, Determine Whether Player B

Multiple Choice

Using the following sequential-move production game, determine whether player B has a first-mover advantage and identify the strategy that leads to that advantage:

A) Player B has a first-mover advantage. The equilibrium strategies leading to an advantage are {(low output) ; (if low output, high output) , (if high output, high output) }.
B) Player B has a first-mover advantage. The equilibrium strategies leading to an advantage are {(low output) ; (if low output, high output) , (if high output, low output) }.
C) Player B has a first-mover advantage. The equilibrium strategies leading to an advantage are {(high output) ; (if low output, high output) , (if high output, low output) }.
D) Player B does not have a first-mover advantage in the game.