The Following Matrix Gives the Profits (In Thousands of Dollars)for

Multiple Choice

The following matrix gives the profits (in thousands of dollars) for Firm 1 and Firm 2 from high-price,medium-price,and low-price pricing strategies:
Table 10-1

-A player involved in a one-shot game will:

A) cooperate with its rivals due to the threat of punishment.
B) follow punitive strategies.
C) take actions aimed at creating a reputation with his rivals.
D) make moves that will maximize the present payoff.
E) follow a tit-for-tat strategy.