Consider a "Prisoners' Dilemma" Game Consisting of Two Firms in Collusion

Multiple Choice

Consider a "prisoners' dilemma" game consisting of two firms in collusion to maximize profit.The game is repeated indefinitely and each player employs a tit-for-tat strategy.The equilibrium when the two firms share the monopoly profit is called a

A) credible strategy equilibrium.
B) dominant player equilibrium.
C) duopoly equilibrium.
D) trigger strategy equilibrium.
E) cooperative equilibrium.