Question3:

3. Consider the following simultaneous move game: Player 2 Strategy Yes No Yes 200, 225 400, 100 Player 1 No 100, 100 350, 200 a. 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. b. What is the maximum amount player 2 should be willing to spend to keep player I from getting to move first