Question: can someone help me understand this problem. Simultaneous move game: Player 2 StrategyYesNo Player 1Yes400, 400200, 375 No600, 500300, 525 What is the maximum amount

can someone help me understand this problem.

Simultaneous move game:

Player 2

StrategyYesNo

Player 1Yes400, 400200, 375

No600, 500300, 525

What is the maximum amount player 1 should be willing to pay for the opportunity to move first instead of moving at the same time as player 2? Explain carefully.

What is the maximum amount player 2 should be willing to spend to keep player 1 from getting to move first?

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