​Refer to the Following Normal Form Game of Price Competition

question 36

Multiple Choice

​Refer to the following normal form game of price competition question

-​Suppose this is a repeated game where the firms adopt a trigger strategy.What would the trigger strategy look like?

• A)​Charge low prices until he charges a high price,and then match
• B)Charge high prices until he charges a low price,then match
• C)Charge a high price till he charges a high price,then charge a low price
• D)​Charge a low price till he charges a low price,then charge a high price

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Definitions:

Parietal Lobe

Part of the cerebral cortex that directs movements toward a goal or to perform a task, such as grasping an object; lies posterior to the central sulcus and beneath the parietal bone at the top of the skull.

Assembling Puzzles

The cognitive and motor activity involving fitting pieces together to form a whole picture or solve a problem.

Right Parietal

Refers to the right side of the parietal lobe in the brain, which plays a key role in processing sensory information and spatial orientation.

Left Temporal

Pertaining to the area of the brain's temporal lobe located on the left hemisphere, associated with comprehension of language, auditory perception, and memory processing.