Which of the following is a game theory strategy for oligopolists to avoid a low-price outcome?

Question

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Tit-for-tat, price leadership, and cartels are all game theory strategies that oligopolists can use to avoid a low-price outcome. Tit-for-tat involves firms matching the actions of their competitors, leading to a more stable and cooperative outcome. Price leadership occurs when one dominant firm sets the industry price, which the other firms follow. Cartels involve collusion among firms to set prices and output levels, which can lead to higher prices and profits for the entire industry.

Which of the Following Is a Game Theory Strategy for Oligopolists