In a _____ game, all firms make their strategic decisions with full knowledge of the prior actions of their rivals.

Question

Quizplus · Accepted Answer

In a sequential move game, firms or players make their decisions one after another, with later players having knowledge of the actions previously taken by others. This contrasts with simultaneous move games, where all players make their decisions without knowing the choices of their rivals.

In a _____ Game, All Firms Make Their Strategic Decisions