Question: A BEST response equilibrium exists in a game when: Question 2 options: each player's choices depend only on what is happening in the market. no

A BEST response equilibrium exists in a game when: Question 2 options: each player's choices depend only on what is happening in the market. no player can dictate the actions of any other player. every player has a clear best action that does not depend on the actions of the other players. no player has a choice.The strategic advantage that can follow from taking an action that adapts to your rival's choice is a Question 3 options: second-mover advantage. reflex gain. lagged gain. reaction advantage

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