Larry's Lizards and Ronaldo's Reptiles are competing pet store franchises.Both are considering opening a store in the small town of Turtleville.If Ronaldo's opens a profitable store in Turtleville and Larry's management determines that it is not profitable to also open a store,then:

A) this is a simultaneous game.
B) a Nash equilibrium is not possible in this game.
C) Ronaldo's had a first-mover advantage in this game.
D) this is a zero-sum game.

Nash Equilibrium

The situation that occurs in some simultaneous games wherein every player is playing his or her dominant strategy at the same time and thus no player has any reason to change behavior.

First-Mover Advantage

In game theory, the benefit obtained by the party that moves first in a sequential game. A situation that occurs in a sequential game if the player who gets to move first has an advantage in terms of final outcomes over the player(s) who move subsequently.

Simultaneous Game

A strategic interaction (game) between two or more parties (players) in which every player moves (makes a decision) at the same time.