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    Microeconomics Study Set 43
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    Exam 9: Game Theory and Strategic Thinking
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    For a Commitment Strategy to Work
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For a Commitment Strategy to Work

Question 38

Question 38

Multiple Choice

For a commitment strategy to work:


A) the punishment must be so bad that it outweighs the incentive to defect.
B) the punishment must occur immediately after the game is played.
C) both players must agree to a punishment.
D) no player may have a dominant strategy.

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