Examlex
What is the women's movement in Canada an example of?
Stackelberg Duopoly
A market structure where two firms compete with one another with one firm establishing itself as a leader by setting its output or price first, and the other firm acting as a follower.
Nash Equilibrium
An idea in game theory where a player cannot gain an advantage by altering their strategy if the strategies of other players stay the same.
Leader Firms
Companies that dominate a particular market or industry, often setting trends and standards for others to follow.
Stackelberg Duopoly
A model of oligopoly in which one firm (the leader) sets its output or price first, and the other firm (the follower) then chooses its output or price in response, considering the leader's decisions.
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