In making a strategic move, which of the following can alter your rival's expectations regarding your future (optimal) behavior? I. Changing your pay-offs. II. Removing some actions from your future choice set.

MCQs on major topics and theories in the field of Industrial Organization. Topics include: Market structure analysis and the strategic behaviors of competing firms, including (but not limited to) product differentiation, collusion, price discrimination, pricing strategy, non-price discrimination (i.e. advertising), horizontal mergers, vertical integration, and vertical restraints.