In a Stackelberg Duopoly

question 176

Multiple Choice

In a Stackelberg duopoly,

• A)leader firms are always dominant.
• B)no Nash equilibrium is possible.
• C)the two firms move simultaneously.
• D)one firm is the leader; the other is the follower.

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Definitions:

Power Distance

A cultural dimension that describes the extent to which members of a society accept and expect power to be distributed unequally.

Uncertainty Avoidance

A cultural dimension that describes the extent to which people in a society are uncomfortable with ambiguity and uncertainty and attempt to minimize these through strict laws and rules.

Egalitarian

Referring to a belief in or practice of equal rights for all individuals, often emphasizing equality and minimal hierarchy.

GLOBE Researchers

A group of scholars involved in a study aimed at understanding the impact of culture on leadership and organizational practices worldwide.