Discussion Post
Context
In your Managerial Economics textbook, we consider a sequential-move game in which an entrant is considering entering an industry in competition with an incumbent firm (see Figure 15-1). There are several possibilities of how this sequential game will be played. We want to use the Froeb rule of "look ahead and reason back."
Instructions
For your discussion post, use Figure 15-1 from the textbook as your starting point to address the following:
a) Can, and how does, the entrant succeed? Is the incumbent ever in control of this game?
b) You may wish to review the old game known as Duopoly, as well as Antoine-Augustin Cournot, to help inform your post.
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.