Question: 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

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.

This sequential game illustrates a

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