Asked by Kiaras Korner on Sep 24, 2024
Verified
First-mover advantage is a characteristic of
A) A simultaneous-move game
B) A dominant strategy
C) A sequential-move game
D) All of the above
First-Mover Advantage
The competitive advantage gained by the first significant company to move into a new market.
Sequential-Move Game
A strategic game where players make their decisions one after another, with later players having knowledge of previous actions.
- Understand the concepts of first-mover advantage and sequential-move games.
Verified Answer
AP
Angela Padilla Vidarte6 days ago
Final Answer :
C
Explanation :
First-mover advantage is a characteristic of a sequential-move game where the player who moves first has an advantage over the player who moves second. In a simultaneous-move game, both players make their moves at the same time, so there is no first-mover advantage. A dominant strategy is a strategy that is the best choice for a player regardless of what the other player does, and it is not directly related to first-mover advantage. Therefore, choice C is the best answer.
Learning Objectives
- Understand the concepts of first-mover advantage and sequential-move games.