First-mover advantage is a characteristic of
a. A simultaneous-move game
b. A dominant strategy
c. A sequential-move game
d. A Nash equilibrium
c
Economics
You might also like to view...
A util is a single unit of:
A) the measure of income. B) the measure of savings. C) the measure of satisfaction. D) the measure of expenditure.
Economics
How does a decrease in government budget deficits affect the equilibrium interest rate in the loanable funds model?
A) Interest rate increases. B) Interest rate decreases. C) Interest rate stays the same. D) Interest rate first increases and then decreases back to the original level.
Economics