Firms are more likely to avoid a prisoners' dilemma when they interact repeatedly than when they rarely interact.

Name: Firms are more likely to avoid a prisoners' dilemma when they interact repeatedly than when they rarely interact.
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Question

Quizplus · Accepted Answer

Repeated interactions allow firms to establish trust and cooperation, reducing the incentive to defect for short-term gains, which helps avoid the prisoners' dilemma scenario.

Firms Are More Likely to Avoid a Prisoners' Dilemma When