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For example, consider a dynamic game with an incumbent firm and a potential entrant to the industry. The incumbent has a monopoly and wants to maintain its market share. If the entrant enters, the incumbent can either fight or accommodate the entrant. If the incumbent accommodates, the entrant will enter and gain profit.
For example, a firm may change its price, leading the incumbent to infer the marginal cost of a product (incorrectly). This could lead a firm with a high-cost structure to charge a low price in order to deter competition or a firm with a low-cost structure to charge a high price to confuse entrants and hopefully deter them. [7]
Order of succession can be arranged by appointment: either the incumbent monarch or some electoral body appoints an heir or a list of heirs before vacancy occurs. A monarchy may be generally elective, although in a way that the next holder will be elected only after it becomes vacant.
Amending Executive Order 13675 To Expand Membership on the President's Advisory Council on Doing Business in Africa August 3, 2016 August 8, 2016 August 3, 2016 81 FR 52321 2016-18872 [485] [486] 247 13735: Providing an Order of Succession Within the Department of the Treasury August 12, 2016 August 17, 2016 August 12, 2016 81 FR 54709 2016-19723
The United States presidential line of succession is the order in which the vice president of the United States and other officers of the United States federal government assume the powers and duties of the U.S. presidency (or the office itself, in the instance of succession by the vice president) upon an elected president's death, resignation, removal from office, or incapacity.
A change order is work that is added to or deleted from the original scope of work of a contract. Depending on the magnitude of the change, it may or may not alter the original contract amount and/or completion date. A change order may force a new project to handle significant changes to the current project. [2]
The word "incumbent" is derived from the Latin verb incumbere, literally meaning "to lean or lay upon" with the present participle stem incumbent-, "leaning a variant of encumber, [1] while encumber is derived from the root cumber, [2] most appropriately defined: "To occupy obstructively or inconveniently; to block fill up with what hinders freedom of motion or action; to burden, load."
In Robert's Rules of Order Newly Revised (RONR), a point of order may be raised if the rules appear to have been broken. This may interrupt a speaker during debate, or anything else if the breach of the rules warrants it. [1] The point is resolved before business continues. The point of order calls upon the chair to make a ruling. The chair may ...