Which of the following statements is true?

Question

Quizplus · Accepted Answer

Dominant strategies can exist in repeated games, and Nash equilibriums can exist in games without dominant strategies. Collusive agreements may not always break down in repeated games, especially if the shadow of the future is long enough to enforce cooperation. However, when a game has a known ending date, it can undermine reciprocity strategies because players know when there will no longer be any future interactions to incentivize cooperation, leading to a breakdown in cooperative behavior as the end approaches.

Which of the Following Statements Is True