In sequential games, the player who moves first:
A. sometimes has an advantage and sometimes has a disadvantage.
B. always has a first-mover advantage.
C. has a first-mover advantage only when the second mover fails to choose the dominant strategy.
D. has a first-mover advantage only when he or she is able to make a credible threat or promise to choose a dominated strategy.
Answer: A
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A. always play their dominant strategy. B. never learn to play their dominant strategies. C. can sustain cooperation by playing their dominant strategy. D. can sustain cooperation by employing a tit-for-tat strategy.
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What will be an ideal response?
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