Consider the following information for a simultaneous move game: if you charge a low price (lp) and your rival charges a lp, you each will earn $5 million in profits. if both charge a high price (hp), each will each earn $10 million in profits. however, if one charge a lp and the other does not, the firm that charges a lp will earn $15 million and the other firm will earn $1 million.

Having a long credit that will be corrected is better that a short credit that is clear is simply because with long credit history, a prospective lender can see how you have operated your credit facility over a considerable period. nobody's credit history is perfect - everyone has at least 1 or 2 lapses on their record. have short history of your credit doesn't show patterns or trends of persistent late payments.