If an Oligopolistic Game Is Repeatedly Played,which of the Following

question 66

Multiple Choice

If an oligopolistic game is repeatedly played,which of the following can occur?

• A) Players can learn ways to cooperate and make an economic profit.
• B) The competitive price and output consistently is the final result.
• C) Firms can learn how to cheat more effectively on the other player.
• D) One firm will be driven out of business.
• E) An implicit agreement is reached in which one firm constantly cheats on the cartel and the other firm complies with it.

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