Most companies are in competition with their rivals each and every day, month, or year with no certain end date. This is an example of __________.
A)a parallel game
B)an infinitely repeated game
C)a simultaneous game
D)the Nash equilibrium

Question

Quizplus · Accepted Answer

An infinitely repeated game is a game in which the players face the same strategic interaction over and over again, with no predetermined end date or number of rounds. In the context of business competition, most companies face their competitors continuously and indefinitely, which makes it an example of an infinitely repeated game.

Most Companies Are in Competition with Their Rivals Each and Every