For a Threat to Be Credible It Has to Be

question 33

Multiple Choice

For a threat to be credible it has to be:

• A) made jointly by all the incumbent ?rms.
• B) made by the incumbent with the smallest market share.
• C) an optimal course of action for the ?rm making the threat.
• D) made in a single-period game.

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Definitions:

Job Security

The probability or likelihood of an individual to retain his/her job without the risk of becoming unemployed.

Own Boss

A term used to describe an individual who runs their own business, making decisions independently and being responsible for its success or failure.

Job Security

The probability or likelihood that an individual will retain their job without the risk of becoming unemployed.

Financial Institution

An establishment that conducts financial transactions such as investments, loans, and deposits.