Multiple Choice
Which one of the following is not a feature of the tit-for-tat strategy?
A) A tit-for tat strategy delivers limited punishments for an opponent's defections.
B) A tit-for-tat strategy by both firms supports a cooperative high payoff equilibrium.
C) A defection by an opponent is punished with a perpetual defection to the low-payoff strategy.
D) The tit-for-tat strategy is such that neither firm has an incentive to be the first to defect.
E) The tit-for-tat strategy is a contingent strategy to resolve a prisoner's dilemma.
Correct Answer:

Verified
Correct Answer:
Verified
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