Multiple Choice
Consider the collusion of Mom Wakeboards and Pop Surfboards. If the game is played repeatedly, and both Mom and Pop employ a Grim trigger strategy, the equilibrium will be:
A) the competitive equilibrium.
B) the monopoly equilibrium.
C) the same as if there were only one consumer in the industry.
D) one in which consumer surplus is maximized.
Correct Answer:

Verified
Correct Answer:
Verified
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