If two firms use a tit-for-tat scheme to maintain cartel pricing and one firm chooses a low price in the current time period then
A) that firm will also choose a low price in the next time period.
B) that firm will also choose a high price in the next time period.
C) the other firm will choose a low price in the next time period.
D) the other firm will choose a high price in the next time period.
Correct Answer:
Verified
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