-Consider the Infinitely-Repeated Pricing Game Depicted in Figure 4

Multiple Choice

-Consider the infinitely-repeated pricing game depicted in Figure 4.4 in which the players agree to cooperate. If one of the players violates the agreement, a rival's most likely trigger strategy is:

A) Low.
B) High.
C) Moderate.
D) Answers a and b are equally likely.
E) Answers a and c are equally likely.