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In a Stackelberg model, there is an advantage to be the player who moves the second, because the second-mover has can observe the first-mover's choice and then make an informed decision

Economics

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In a Stackelberg model, there is an advantage to be the player who moves the second, because the second-mover has can observe the first-mover's choice and then make an informed decision. False O True
The difference between a Bertrand model and a Cournot model is that in a Bertrand model, each firm chooses the quantity to produce, but in a Cournot model, each firm chooses the price to post. False True