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Managerial Economics and Business Strategy 10th edition PDF summary Chapter 4 Questions and Answers 2023

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sequential-move games - -players take turns, and each player observes all prior decisions of the rival before having to move -simultaneous-move games - -players do not observe the rival's decision before making their own -Nash equilibrium - -a pair of strategies, one for each player, in which each strategy is a best response to the other. These r

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