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Economics

Which of the following statements is true about extensive-form games?

They are used to represent simultaneous move, one-shot games in which both players move at the same time.

They are used to represent sequential move games, in which one player moves first, then the next person.

They always result in a coordination problem.

You must use forwards induction to solve extensive-form games.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91848416

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