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thanhha78 thanhha78
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6 years ago
What makes a grim trigger strategy "grim" is
A) if one player overprices, then the other overprices to the point of zero quantity demanded.
B) if one player underprices, then the other player is driven out of the market.
C) if one player underprices, then the other player drops the price so far that profits for both firms are zero.
D) if one player underprices, then the other player notifies the Federal Trade Commission.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Quinn1981Quinn1981
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6 years ago
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thanhha78 Author
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6 years ago
can't thank you enough for this, appreciate it a lot
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