Question

Identify the definition for each term from the following list. 1. Payoff-matrix format 2. Game-tree format 3. A junction on a game tree. 4. One of the final outcomes of a game tree. 5. Divides the overall game tree into nested subgames before working backward from right to left. 6. A mini-game within the overall game. 7. The process of backward induction that relies on both firms having perfect information about the decisions made in each subgame. 8. A statement of coercion that is not believable by the threatened firm. 9. A statement of coercion (a threat) that is believable by the other firm. 0. Allows a firm to preempt major rivals, or greatly slow their entry into an industry. 11. Both rivals see their current strategy as optimal given the other firm's strategic choice. tuctionsE Enter a numeric response corresponding to a definition listed above using an integer a. Backward induction: b. Terminal nodes: c. Nash equilibrium: