In this game, there are two players A and B and there are 12 pennies in the middle of the table.  The rules are that players will alternate taking pennies and whoever takes the last penny wins.  At each turn, a player can choose to take 1 or 2 pennies.  Use backward induction to explain the winning strategy.  Be very detailed and explain each step.  Would you prefer to be the player that moves first or second, or does it not matter? Why?

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(i) (ii) (iii) iv) From Imprima's standpoint, what are the main drivers to be considered when selecting an overall approach to international expansion and how do they impact the firm's decisions? What are the relative advantage(s) of the strategic choices faced by Imprima? What are the market related factors that typically affect strategic decisions to be more globally integrated versus locally responsive? (E.g., in the case of Imprima language is a factor that necessitates adapting the product software to certain markets). Please give several examples of how and why the most important of these factors can lead to product adaptation for the local market. Imprima management is concerned that its pricing might be too high, given the lower income level of typical consumers in many international markets. What steps can Zebra take to help reduce the pricing on its laser printers? (i) (ii) (iii) iv) From Imprima's standpoint, what are the main drivers to be considered when selecting an overall approach to international expansion and how do they impact the firm's decisions? What are the relative advantage(s) of the strategic choices faced by Imprima? What are the market related factors that typically affect strategic decisions to be more globally integrated versus locally responsive? (E.g., in the case of Imprima language is a factor that necessitates adapting the product software to certain markets). Please give several examples of how and why the most important of these factors can lead to product adaptation for the local market. Imprima management is concerned that its pricing might be too high, given the lower income level of typical consumers in many international markets. What steps can Zebra take to help reduce the pricing on its laser printers?

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Answer Backward induction is a method used to solve sequential games like the one described in this question In this game well use backward induction ... View the full answer