What Happens When the Prisoners' Dilemma Game Is Repeated Numerous

question 373

Multiple Choice

What happens when the prisoners' dilemma game is repeated numerous times in an oligopoly market? (i)
The firms may well reach the monopoly outcome.(ii)
The firms may well reach the competitive outcome.(iii)
Buyers of the oligopolists' product will likely be worse off as a result.

• A)(i) and (ii)
• B)(ii) and (iii)
• C)(i) and (iii)
• D)(i), (ii), and (iii)

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