The difference between a repeated game and one that is played only once is that
A)fewer firms exist in a one-time game.
B)more information is available in the repeated game.
C)firms have different reasons for existing.
D)the payoffs per period of time are different.
E)firms act out of their own self-interest only in a one-time game.

Question

Quizplus · Accepted Answer

In a repeated game, firms have the opportunity to learn from previous interactions and adjust their strategies accordingly. More information is available over time, whereas in a one-time game, firms must make decisions based solely on the information available at that moment.

The Difference Between a Repeated Game and One That Is