Multiple Choice
Consider a "prisoners' dilemma" game consisting of two firms in collusion to maximize profit.However,the game is repeated indefinitely and each player employs a tit-for-tat strategy.The equilibrium described here is called a
A) credible strategy equilibrium.
B) dominant player equilibrium.
C) duopoly equilibrium.
D) trigger strategy equilibrium.
E) cooperative equilibrium.
Correct Answer:
Verified
Correct Answer:
Verified
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