If Nintendo lowers the price of its product by $10, Sony responds by lowering the price of its own product by $10. The following month, Nintendo raises the price of its product by $15 and Sony responds by raising the price of its own product by $15. This is an example of what type of game strategy?

Question

Quizplus · Accepted Answer

This is an example of a tit-for-tat strategy, where one player responds to the actions of another player with similar actions, in this case, price changes.

If Nintendo Lowers the Price of Its Product by $10