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Sequential Game
A type of game in game theory where players make decisions one after another, with later players having some knowledge of earlier actions.
Nash Equilibrium
A concept in game theory where no player can benefit by changing their strategy while the other players keep theirs unchanged.
Extensive Form
This term refers to a representation of a game that shows the sequence of moves, and the outcomes of those moves, emphasizing the temporal aspect of decision-making in the game.
Market Entry
The act of introducing new products or services into an existing market, often faced with barriers that must be overcome.
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