Question: What is a sequential game? Part 2 A sequential game is a game Part 3 A . without bargaining between firmsbargaining between firms . B
What is a sequential game?
Part
A sequential game is a game
Part
A
without
bargaining between firmsbargainingbetweenfirms
B
where all firms act simultaneously.
C
with
a cooperative equilibriumacooperativeequilibrium
D
where one firm acts first and then the other firms respond.
E
without a subgameperfect equilibrium.
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