id,question,choice1,choice2,choice3,solution
1, Suppose that in one round the Buyer proposes a Price(P) of 100 and the Damages for Breach of Contract(D) of 300 in Stage 1. The Seller decides to Reject the proposed contract. How many points would Seller and Buyer earn respectively?, A. Seller earns 100 and Buyer earns 300,B. Seller earns 300 and Buyer earns 100,C. Seller earns 0 and Buyer earns 0,C. Seller earns 0 and Buyer earns 0
2, Suppose that in one round the Buyer proposes a Price(P) of 300 and the Damages for Breach of Contract(D) of 100 in Stage 1. Seller decides to Accept the proposed contract in Stage 2. Seller observes the Cost as 400 and decides to NOT deliver the product in Stage 3. Buyer observes the Value as 600 and decides to Veto Seller’s decision of not delivering the product in Stage 4. How many points would Seller and Buyer earn respectively?, A. Seller earns -100 and Buyer earns 300, B. Seller earns 300 and Buyer earns -100, C. Seller earns 0 and Buyer earns 0, A. Seller earns -100 and Buyer earns 300
3, Suppose that in one round the Buyer proposes a Price(P) of 200 and the Damages for Breach of Contract(D) of 50 in Stage 1. Seller decides to Accept the proposed contract in Stage 2. Seller observes the Cost as 140 and decides to deliver the product in Stage 3. The value turns out to be 460. How many points would Seller and Buyer earn respectively?, A. Seller earns 260 and Buyer earns 160, B. Seller earns 60 and Buyer earns 260, C. Seller earns 0 and Buyer earns 0, B. Seller earns 60 and Buyer earns 260
4, Suppose that in one round the Buyer proposes a Price(P) of 310 and the Damages for Breach of Contract(D) of 157 in Stage 1. Seller decides to Accept the proposed contract in Stage 2. Seller observes the Cost as 446 and decides to NOT deliver the product in Stage 3. Buyer observes the Value as 300 and decides to NOT Veto Seller’s decision of not delivering the product in Stage 4. How many points would Seller and Buyer earn respectively?, A. Seller earns -136 and Buyer earns -10, B. Seller earns -10 and Buyer earns 136, C. Seller earns -157 and Buyer earns 157, C. Seller earns -157 and Buyer earns 157