A second-mover strategy is probable to be most advantageous for: (1) an operatic tenor being interviewed as a potential contestant on “American Idol.” (2) a boxer along with a great knockout punch fighting a slower and weaker opponent. (3) a potential buyer asked that, “What’s the most you’d pay for this car?,” through a used car dealer. (4) a shy young man who would like to date an equally shy young acquaintance. (5) either the United States or the Soviet Union, while both sides had atomic bombs throughout the “Cold War.”
Can anybody suggest me the proper explanation for given problem regarding Economics generally?