Across
- 3. area under price minus cost
- 5. Study of strategic behavior.
- 10. output choice variable
- 11. Opposite of undercutting.
- 12. Marginal cost abbreviation.
- 17. Economists’ word for "not simultaneous."
- 18. Quantity-setting rival model.
- 19. firm's optimal response function
- 23. They shape demand (plural).
Down
- 1. outcome with unequal profits.
- 2. market with few firms
- 4. Rival observed before deciding.
- 6. Learner’s disadvantage.
- 7. step-by-step strategic decision
- 8. rival's ability to adjust behavior after observation
- 9. A follower’s response rule.
- 13. Assumption of full information between firms.
- 14. reacting firm
- 15. firm taking the first action
- 16. What the leader enjoys over the follower.
- 20. To prevent market entry strategically.
- 21. Model where timing matters.
- 22. A prediction that holds in every subgame.