In a sequential game, a firm will always want to be the leader to take advantage of the first-mover advantage.Group of answer choices

This statement is generally true but not always. In a sequential game, being the first mover or leader can provide significant advantages. This is known as the first-mover advantage. The first-mover can set prices, establish a strong brand, and gain customer loyalty before competitors enter the market.

However, there can also be disadvantages to being the first mover. For example, the first mover may have to bear high research and development costs, and there is a risk that later entrants will improve on the first mover's product or service. Therefore, whether a firm will always want to be the leader in a sequential game depends on the specific circumstances.