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Happy Campers and Camping R Us Are in Tacit Collusion

Question 27

Multiple Choice

Happy Campers and Camping R Us are in tacit collusion to cooperate and each charge a high price for their campers. If Happy Campers initially cooperates with Camping R Us, but then switches and charges a low price and Camping R Us responds by forever charging a low price, this is an example of________ .


A) a trigger strategy
B) a dominant strategy
C) a tit- for- tat strategy
D) a one- shot game

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