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Answer to Question #118207 in Microeconomics for bunty
Question #118207
A subgame-perfect equilibrium:
Select one:
a. is not a Nash equilibrium; it is a refinement of Nash equilibrium.
b. is an equilibrium concept used in simultaneous games.
c. is a special sort of Nash equilibrium.
d. can be ruled out using backward induction.
Select one:
a. is not a Nash equilibrium; it is a refinement of Nash equilibrium.
b. is an equilibrium concept used in simultaneous games.
c. is a special sort of Nash equilibrium.
d. can be ruled out using backward induction.
Expert's answer
a. is not a Nash equilibrium; it is a refinement of Nash equilibrium.
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