In a Repeated Game with Reciprocity, the Two Players

question 232

Multiple Choice

In a repeated game with reciprocity, the two players

• A) could each earn a higher payoff than if they aggressively countered each other's single-period strategy.
• B) tend to earn less than if they aggressively countered each other's single-period strategy.
• C) will have less incentive to collude explicitly or tacitly.
• D) often end up in a price war.

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