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

question 47

Multiple Choice

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

• A)Players can learn ways to cooperate and earn 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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Definitions:

Relationship

A connection, association, or involvement between people, which can range from friendships and family bonds to romantic partnerships.

Neuroticism

A trait of character marked by feelings of worry, fearfulness, mood swings, unease, envy, irritation, jealousy, and a sense of isolation.

Big Five Trait

A model in psychology that describes human personality through five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Adult Attachment

Patterns of relational behavior and emotions in adults that mirror the bonding experiences they had in early childhood with caregivers.