(Figure: Strategic Decisions in a Sequential Game) In the figure, the payoff for each firm when no cooperation occurs is:
Definitions:
Monthly Payment
An amount that is paid every month, typically in the context of loan repayments or rent.
Annual Subscription
A payment or fee paid once a year for membership or access to a service or product.
Registered Retirement Income Fund
A type of retirement plan under Canadian law that provides individuals with a method to receive income from the assets within their Registered Retirement Savings Plan (RRSP) in retirement.
Compounded Monthly
Interest calculated on the initial principal and the accumulated interest every month.
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