Draw the extensive form of this sequential game

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Consider a variation of the television station broadcast game of Exercise 4 in Chapter 7. Suppose the stations interact sequentially. First, MBC chooses between 6:00 and 7:00. Then, after observing MBC's choice, RBC decides between 6:00 and 7:00. Finally, after observing the behavior of both MBC and RBC, CBC chooses either 6:00 or 7:00. Payoffs are as given before. Draw the extensive form of this sequential game and compute the subgame perfect equilibrium. Is the outcome different from that in the simultaneousplay game? Explain.

Reference no: EM131247046

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