Question

a second-mover advantage is the: group of answer choices strategic advantage that can follow from taking an action that adapts to your rival's choice. second player's offsetting of any gains to the first mover by pruning. reduced set of options that must be considered in making a choice. change in options that occurs after one player has made a choice.

Answer 1

The tactical benefit that can result from acting in a way that responds to your opponent's decision is known as the second-mover advantage.

How does second mover advantage work?

The competitive benefit a business enjoys whenever it arrives on the scene subsequently than these businesses is known as the second-mover advantage. By utilizing proven marketing techniques and its current clientele, a second mover gains from the first movement.

The interdependence principle states that before making a choice, consider how it might effect other things as well as how it might not.

Whatever transpires toward the equilibrium prices and quantities whenever production decreases but availability rises at the same period, and the desire shift is considerably smaller than the supply change?

The equilibrium quantity increases while the equilibrium price decreases.

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