Economists Call a Game That Is Played More Than Once

question 99

Multiple Choice

Economists call a game that is played more than once:

• A)a repeated game.
• B)collusion.
• C)a commitment strategy.
• D)cooperative price play.

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Definitions:

Corporations

Legal entities recognized by law, created to conduct business, which can own property, enter contracts, and be held liable.

Reforms

Changes made to improve a system, organization, or practice, especially by modifying laws or regulations.

Policy Advocate

An individual or group that actively supports, promotes, and works towards the implementation of certain policies.

Structural Discrimination

is a form of bias that is embedded in the policies, institutions, and practices of a society, leading to inequality and unfair treatment of certain groups.