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(a) How is a strategic move differentiated from a Nash equilibrium? (b) What is a credible threat? When is a threat not credible? (c) What

(a) How is a strategic move differentiated from a Nash equilibrium?

(b) What is a credible threat? When is a threat not credible?

(c) What is the greatest difficulty in deciding and implementing a business strategy on the part of the firm?

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