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arlik [135]
1 year ago
11

in some games, one player or firm moves first and commits to a strategy to which the rival player or firm will subsequently resp

ond. such games are called
Business
1 answer:
RoseWind [281]1 year ago
7 0

In certain games, one player or company will act first and commit to a plan that the other player or company would then counter. Sequential games are such games.

Sequential games are ones in which each player makes a move in turn or at a distinct moment. This implies that players that move later in the game have more knowledge about other players' or the world's states' activities. This implies that first-moving players frequently have an impact on the game.

Sequential games include chess, endless chess, backgammon, tic-tac-toe, and Go, among others.

According to sequential game theory, one player has an advantage over the others by moving first. In this approach, the game's flow is decided by the first mover.

To learn more about Sequential games

brainly.com/question/14102931

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Answer:

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<h3>What is a perfectly competitive market?</h3>

A perfectly competitive market can be defined as a type of market in which there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This ultimately implies that, all business firms in a perfectly competitive market must be willing to take the price that is determined in the market.

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Option D

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