Refer to the accompanying payoff matrix
Player 1
Low Q
High Q
Player 2
Low Q
High Q
$80, $5
$20, $60
$60, $30
$10, $20
Suppose the simultaneous-move game depicted in the payoff matrix could be turned into a sequential-move game with player 1 moving first. In this case, the equilibrium payoffs will be
Multiple Choice
($80, $5).