Find a real world example of a game-theoretic situation in, Business Economics

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Find a real world example of a game-theoretic situation in

Find a real world example of a game-theoretic situation, in which one “player” gains by making a strategic move. Briefly describe the situation. Is the strategic move a commitment, a promise, or a threat? What does the player do to make her/his strategic move credible? [Note: This last question will be graded mostly on effort. So, look around, look for the most interesting example you can find, and have fun.]

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