If Each Player in a Repeated Game Responds by Imitating

question 129

Multiple Choice

If each player in a repeated game responds by imitating the action of an opponent in the previous round, the players are following a:

• A)repeated cooperation agreement.
• B)collusion plan.
• C)commitment strategy.
• D)tit-for-tat strategy.

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Definitions:

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Costs paid in advance for goods or services to be received in the future, recorded as assets until they are consumed or used.