Question: Consider the game tree below. In this game, each player can mover either Up (U) or Down (D). Player 1 moves first, then Player 2,

Consider the game tree below. In this game, each player can

Consider the game tree below. In this game, each player can mover either Up (U) or Down (D). Player 1 moves first, then Player 2, and Player 3 moves last. Using backwards induction, a. clearly identify the choice that each player will make at each stage in the tree ( 2 points) b. circle the ultimate outcome (payoff) to the game ( 1 points)

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