Would backward induction be useful in determining the optimal decision in the following situations? If so$,$ describe the decisions in each game being played.

You and a rival are introducing very similar products at the same time and must determine what price to set.

A$.$ Backward induction would be useful in this situation in determining whether to set prices high or low.

B$.$ Backward induction would be useful in this situation to determine whether to introduce the product at all.

C$.$ Backward induction would not be useful in solving this game as this is not a sequential move game.

D$.$ Backward induction would be useful in this situation to determine if it is better to differentiate your product.

You are an executive at an oil$-$drilling and oil$-$producing company that is considering drilling in a new field. You are negotiating with a pipeline company that would build a pipeline from the field to the market. $($Check all that apply.$)$

A$.$ Backward induction would be useful in this situation to determine the profit$-$maximizing number of wells you will drill.

B$.$ Backward induction would be useful in this situation to determine the size of the pipeline to build and number of wells to drill.

C$.$ Backward induction would be useful in this situation to determine whether to develop the oil field based on whether the pipeline is built.

D$.$ Backward induction would not be useful in solving this game as this is not a sequential move game.