Under what circumstances may oligopolists be able to reach their preferred,cooperative outcome

Question

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If the game is repeated a sufficient number of times, oligopolists may be able to reach their preferred, cooperative outcome. This is because with repeated play, the firms have the opportunity to develop trust and build a reputation for cooperation, which makes it more likely that they will choose to cooperate instead of competing. In addition, with repeated play, firms can use strategies such as tit-for-tat to promote cooperation and deter defection.

Under What Circumstances May Oligopolists Be Able to Reach Their