CHAPTER REVIEW

KEY CONCEPTS

Match each of the terms on the left with its definition on the right. Click on the term first and then click on the matching definition. As you match them correctly they will move to the bottom of the activity.

Question

network good
Nash equilibrium
coordination game
contestable markets
A situation in which no player has an incentive to change strategy unilaterally.
A market with many potential entrants.
A good whose value to one consumer increases the more that other consumers use the good.
Game in which the players are better off if they choose the same strategies than if they choose different strategies and there is more than one strategy on which to potentially coordinate.
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