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In the context of an oligopoly game, what might it mean to have a first-mover advantage or a second-mover advantage? Which is better, and
In the context of an oligopoly game, what might it mean to have a first-mover advantage or a second-mover advantage? Which is better, and why? How might a player achieve such an advantage? Is a pre-emptive move credible? Describe a case in which a player either attempted a pre-emptive first move, or tried to wait for the first move of another player. Did this work?
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