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In each of the following games: identify whether the game is sequential or simultaneous and why [1.
. In each of the following games: identify whether the game is sequential or simultaneous and why [1.5 points]; identify the players [2 points]; identify the actions of each player [2 points]; draw the game using the appropriate game structure [4 points] and putting in values for the payoffs that reflect the preferences of the players [3 points]. a. Consider a situation with a police officer and a driver. The police officer is deciding whether or not to monitor traffic to catch speeders. If the driver speeds, she would prefer to monitor traffic as she gets credit for giving the driver a ticket, but if the driver doesn't speed, she prefers to play on her phone and not monitor traffic. Without knowing what the police office decides to do, the driver is deciding whether or not to speed. The driver prefers to speed unless the police officer is monitoring traffic, as that would lead to a speeding ticket.
i. Sequential or simultaneous and why [1.5 points]:
ii. Players [2 points]:
iii. Actions of each player [2 points]:
iv. Draw the game [7 points]:
b. Two companies, Alderon and Zelberon, have developed a new product and are deciding whether or not to enter the market for this product, and if so whether to price high or low. Alderon decides whether to enter and whether to price high or low. Then Zelberon, knowing whether Alderon entered but not which price they chose, decides whether to enter and, if they enter, whether to price high or low. For both companies, they prefer pricing high to pricing low, and prefer pricing low to not entering when the other company doesn't enter; they prefer not entering to pricing low, and pricing low to pricing high when the other company prices low; and the prefer pricing low to pricing high, and pricing high to not entering when the other company prices high.
i. Sequential or simultaneous and why [1.5 points]:
ii. Players [2 points]:
iii. Actions of each player [2 points]:
iv. Draw the game [7 points]:
