When one firm uses the same strategy as the other firm used in the previous time period, this is known as a

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When one firm uses the same strategy as the other firm used in the previous time period, it is referred to as a tit-for-tat strategy. This strategy involves mirroring the other firm's behavior from the previous period. It is a popular strategy in game theory and is often used to promote cooperation between firms. The other options, namely grim trigger strategy, dominant strategy, and predatory strategy, are not relevant to the context and are therefore incorrect.

When One Firm Uses the Same Strategy as the Other