Business, 07.03.2020 04:26 anggar20

Identify the definition for each term from the following list. 1. Payoff-matrix format. 2. Game-tree format. 3. A junction on a game tree. 4. One of the final outcomes of a game tree. 5. Divides the overall game tree into nested subgames before working backward from right to left. 6. A mini-game within the overall game. 7. The process of backward induction that relies on both firms having perfect information about the decisions made in each subgame. 8. A statement of coercion that is not believable by the threatened firm. 9. A statement of coercion (a threat!) that is believable by the other firm. 10. Allows a firm to preempt major rivals, or greatly slow their entry into an industry. 11. Both rivals see their current strategy as optimal given the other firm’s strategic choice.

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Identify the definition for each term from the following list. 1. Payoff-matrix format. 2. Game-tree...

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