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Author Question: When duopoly games are repeated and a "tit for tat" strategy is used, (Read 77 times)

V@ndy87

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on: May 24, 2019
When duopoly games are repeated and a "tit for tat" strategy is used,
◦ the competitive outcome is more likely to be reached than when the game is played once.
◦ the monopoly outcome is more likely to be reached than when the game is played once.
◦ both firms begin to incur economic losses.
◦ one firm goes out of business.
◦ because the game is repeated it is impossible to predict whether the competitive or the monopoly outcome is more likely.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by V@ndy87 on May 24, 2019

bulacsom

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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V@ndy87

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Reply 2 on: May 24, 2019
:D TYSM

gcook

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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