Find the First Five Terms of the Sequence $a _ { n } = 3 \left( a _ { n - 1 } + 1 \right)$

question 84

Essay

Find the first five terms of the sequence $a _ { n } = 3 \left( a _ { n - 1 } + 1 \right)$
, where $a _ { 1 } = 1$
.

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Definitions:

Monopolized

A market condition where a single entity controls the entire supply of a product or service, eliminating competition.

Simultaneous Game

A strategic situation where all players make their decisions at the same time without knowledge of the others' choices.

Equilibrium

A state in a market or economy where supply and demand are balanced, leading to stable prices and quantities.

Sequential Game

A type of game in game theory where players make moves one after another rather than simultaneously.