Which one of the following conditions is required for the success of a tit-for-tat strategy?
A) Demand and cost conditions must change frequently and unpredictably.
B) The number of oligopolists in the industry must be relatively small.
C) The game can be repeated only a small number of times.
D) Firms must be unable to detect the behavior of their competitors.

Question

Quizplus · Accepted Answer

The tit-for-tat strategy works best in environments where there are a relatively small number of players (oligopolists). This allows each firm to easily observe and respond to the actions of others, making cooperation more feasible and sustainable.

Which One of the Following Conditions Is Required for the Success