As defined by Thomas Schelling, a strategic move is
A) any strategy choice in a game.
B) any strategy choice consistent with Nash equilibrium.
C) any strategy choice in a sequential game.
D) a strategy choice that influences the subsequent strategy choice of another player.
E) a strategy choice that restricts the set of outcomes available to another player.
Question 2
A manufacturer of digital music players uses a proprietary file format that is not used by the other firms in the market.
This action by the firm may be an example of using a ________ to reduce the number of firms in the market and to maintain a relatively inelastic demand for its products. A) natural monopoly
B) positive externality
C) subsidy
D) barrier to entry
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