Multiple Choice
There are three noodle shops in town. Their shares of the market are Nguyen's Noodles (50%) , Pham's Pho (37%) , and Nam's Noodles (13%) . Nam lowers the price of its noodles, hoping to pressure the other noodle shops to lower their prices, but they do not. What type of game does this represent?
A) chicken
B) leadership
C) grim trigger
D) tit-for-tat
Correct Answer:
Verified
Correct Answer:
Verified
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