c) fight all potential entrant to deter entry when their are finite number of markets.
If you think this helped do give a thumbs up else share your queries in comment section.
Question 6 If an incumbent firm is faced with (sequential) entry from potential new firms, the...
8. Consider a sequential entry game between an incumbent firm (Firm 1) and a potential entrant (Firm 2). Firm 1 moves first and must choose whether to lobby the government to pass a new safety regulation or lobby the government to reject a new safety regulation. Firm 1 is sufficiently powerful that it gets its way with the regulators. Firm 2 moves second and must choose whether to enter this market and compete with Firm 1 or stay out of...