Consider the following two-player game with players moving sequentially. Player 1 moves first and can choose to either "Take" or "Pass". If Player 1 chooses "Take" then the game ends immediately and Player 1 gets $12 and Player 2 gets $8. If Player 1 chooses "Pass" then Player 2 gets to move. Player 2 can choose "Take" or "Pass". If Player 2 chooses "Take" then the game ends immediately. Player 1 gets $8 and Player 2 gets $15. If Player 2 chooses "Pass" then Player 1 gets to move again. Player 1 can choose "Take" or "Pass". In either case the game ends after Player 1's move. If Player 1 chooses "Take" then Player 1 gets $20 and Player 2 gets $10. If Player 1 chooses "Pass" then Player 1 gets $10 and Player 2 gets $20. Which of the following statements is CORRECT? O Player 1 should choose to "Pass" in his/her second opportunity to move. O Player 2 should choose to "Pass" at the very first (and really only) opportunity to move. O Player 1 should choose to "Take" at the very first opportunity to move. O Player 2 should choose to "Take" at the very first (and really only) opportunity to move. Consider the following two player game. The first number in each cell refers to the payoff to Player 1 while the second number refers to the payoff to Player 2. Players move simultaneously. Which of the following statements is CORRECT? Player #2 Left Right Top 8, 14 8,8 Player #1 Bottom 10,6 12,8 O Player #2 has a dominant strategy, Right, leading to a unique Nash Equilibrium in this game and that is [Bottom, Right). O Player #1 has a dominant strategy, Bottom: player #2 has a dominant strategy. Right: there is a unique Nash Equilibrium in this game and that is (Bottom, Right). O Player #1 has a dominant strategy. Bottom, leading to a unique Nash Equilibrium in this game and that is [Bottom, Right]. O There are two Nash equilibria in this game - [Top, Right] and [Bottom, Left}.