Consider the following game. Player 1 moves first and can choose A or B. If Player 1 chooses A, then Player 2 then moves and can choose C or D. The payoffs for P1 and P2 are as follows: AC = (4, 2), AD = (2, 3). If Player 1 chooses B, the payoffs for P1 and P2 are (1, 5). Using backwards induction, solve for what each player will choose and what the player's payoff in the game will be.
Group of answer choices:
Player 1 will choose A
Player 1 will choose B
Player 2 will choose C
Player 2 will choose D
Player 2 will not get a choice