Connor's Corner Gas and Steven's Super Fuel are the only two providers of gasoline in their small town. Connor summarizes his pricing strategy as, "I'll do to Steven (price-wise) what Steven did to me last time." This is an example of:
A) a best response.
B) a Grim trigger strategy.
C) an irrational strategy.
D) a follow-the-leader strategy.
Correct Answer:
Verified
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