In a Sequential Game with Two Firms, the First Mover

question 6

Multiple Choice

In a sequential game with two firms, the first mover into a new market

• A)is guaranteed positive economic profits.
• B)is assured of blocking any potential second mover from entering the market.
• C)runs the risk that the untested new market will not provide enough customers.
• D)will likely set a high price to reap greater profits until the second mover enters.

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