There are several possibilities of how this sequential game will be played. We want to use the Froeb rule of look ahead and reason back. Use Figure 15-1 from the textbook as your starting point to add

There are several possibilities of how this sequential game will be played. We want to use the Froeb rule of look ahead and reason back.

Use Figure 15-1 from the textbook as your starting point to address the following:

– Can, and how does, the entrant succeed?

– Is the incumbent ever in control of this game?

– You may wish to review the old game known as Duopoly, as well as Antione- Augustin Cournot, to help inform your post.

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