1. Explain the economic basis for limit pricing, and identify the conditions under which a firm can profit from such a strategy. 2. Explain the economic basis for predatory pricing. 3. Show how a manager can profitably lessen competition by raising rivals' costs. 4. Identify some of the adverse legal ramifications of business strategies designed to lessen competition. 5. Assess whether a firm's profits can be enhanced by changing the timing of decisions or the order of strategic moves, and whether dong so creates first- or second-mover advantages. 6. Identify examples of networks and network externalities, and determine the number of connections possible in a star network with n users. 7. Explain why networks often lead to first-mover advantages, and how to use strategies such as penetration pricing to favorably change the strategic environment