Asked by Kiaras Korner on Sep 24, 2024

verifed

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.
verifed

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.