​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:

Extra Calories

Consumed energy that exceeds the amount a person needs to maintain their body weight, often leading to weight gain if not countered with increased physical activity.

Other Wants

Refers to desires that go beyond basic needs, often influenced by cultural, social, or individual preferences.

Service

An intangible commodity that involves providing labor or helpful activities to others without producing physical goods.

Intangible Activity

Economic or business activity that is not physical in nature, often related to services, knowledge, or intellectual property.