How can side payments be beneficial to both players


Problem

1. Why do we use decision trees?-?instead of normalform matrices?-?to solve sequential games?

2. How can side payments be beneficial to both players in a two-player game?

3. Describe the relationship between credibility and entry deterrence to a market.

4. What are some ways in which a company uses its reputation to its advantage?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How can side payments be beneficial to both players
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