You run a TrustedHousesitters franchise, a service for pet-owners, with a single competitive rival in your town, Wag!. You realize that, if Wag! charges a high price for its services, you can attract some of its customers by setting a low price. On the other hand, if your price is higher than your competitor's price, you would lose customers. In this situation, you have:
a. a best response.
b. multiple equilibria.
c. a first-mover advantage.
d. an anti-coordination game.