Exhibit 11-5 -Reputation and Cooperation Are More Difficult to Achieve When

question 22

Multiple Choice

Exhibit 11-5
-Reputation and cooperation are more difficult to achieve when

• A)firms find it difficult to observe the behavior of other firms.
• B)a game is repeated.
• C)there are only two firms as opposed to three or more firms.
• D)firms can easily observe what other firms are doing.
• E)firms act out of their own self-interest.