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The diagram shows the extensive form version of a strategic game between the two nationally dominant coffee sellers, Corporate Coffee and Jumbo Java, both of whom are considering opening coffee shops in a new town. The payoffs represent, in thousands per month, the profit (or loss) the firm will realize from its decision. How would the extensive form figure appear in strategic form?
Attaches
The process or moment when a legal right, interest, or lien is officially joined or connected to property or assets.
Secured Interest
A legal claim or lien on assets which is established to secure payment or performance of an obligation.
Default
Failure to fulfill a legal obligation, especially failing to make a required payment or perform a contractual duty.
Court Order
A directive issued by a judge that requires a party to do or abstain from doing something.
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