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Loraine Loraine
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9 years ago
When duopoly games are repeated and a "tit for tat" strategy is used,
A) the competitive outcome is more likely to be reached than when the game is played once.
B) the monopoly outcome is more likely to be reached than when the game is played once.
C) both firms begin to incur economic losses.
D) one firm goes out of business.
E) Because the game is repeated, it is impossible to predict whether the competitive or the monopoly outcome is more likely.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 442 times
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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VincenzoDVincenzoD
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9 years ago
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Loraine Author
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9 years ago
Smart ... Thanks!
Mcb
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Yesterday
this is exactly what I needed
jodie1
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2 hours ago
You make an excellent tutor!
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