MCQOPTIONS
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| 1. |
Which one of the following conditions is required for the success of a tit-for-tat strategy? |
| A. | demand and cost conditions must change frequently and unpredictably |
| B. | the number of oligopolists in the industry must be relatively small |
| C. | the game can be repeated only a small number of times |
| D. | firms must be unable to detect the behaviour of their competitors |
| Answer» C. the game can be repeated only a small number of times | |