When a Prisoners' Dilemma Game Is Repeated a Finite Number

question 27

Multiple Choice

When a prisoners' dilemma game is repeated a finite number of times (T) ,

• A)cooperation unravels during the first round of the game, resulting in the static game Nash equilibrium.
• B)cooperation continues until the T-2 round, where the players will switch to a non-cooperative Nash equilibrium.
• C)firms cooperate and achieve the collusive Nash equilibrium for all rounds.
• D)None of the above.

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