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Consider the following statements: I. In the standard Stackelberg model, the first mover advantage arises from the first firm having more information about the market.
Consider the following statements: I. In the standard Stackelberg model, the first mover advantage arises from the first firm having more information about the market. Il. Strictly mixed strategies are only played in equilibrium if the player is indifferent between any two actions that the player is randomizing over. Ill. Equilibrium with strictly mixed strategies are always pathological in economic models. since they can never represent actual economic situations. O Only Ill is correct. O No statement is correct. O Only Il is correct. O Only I is correct. O More than one statement is correct
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