In game theory, credible threats can be used to maintain collusive agreements between firms.

Name: In game theory, credible threats can be used to maintain collusive agreements between firms.
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In game theory, credible threats are an important mechanism for maintaining collusive agreements between firms, as they can deter deviation from the agreed-upon strategy by making the consequences of such deviation clear and believable.

In Game Theory, Credible Threats Can Be Used to Maintain