Multiple Choice
Which one of the following is not a feature of the tit-for-tat strategy?
A) Limited punishments for an opponent's defections.
B) A cooperative high-payoff equilibrium.
C) Perpetual punishments for an opponent's defections.
D) Neither firm has an incentive to be the first to defect.
E) The use of contingent strategies to resolve the prisoner's dilemma.
Correct Answer:

Verified
Correct Answer:
Verified
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