In Berserkistan, two political parties vie for control of the country.Each political party, when it is not in power, has a tendency to call general strikes to influence the policy of the ruling party.Evaluate this strategy in the context of a multiple-period game.Is it possible, in this situation, that a multiple-period game reduces, rather than enhances, social wellbeing? What would have to happen in this game in order to improve social welfare if a tit-for-tat strategy is used?

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The Answer of In Berserkistan, two political parties vie for control of the country.Each political party, when it is not in power, has a tendency to call general strikes to influence the policy of the ruling party.Evaluate this strategy in the context of a multiple-period game.Is it possible, in this situation, that a multiple-period game reduces, rather than enhances, social wellbeing? What would have to happen in this game in order to improve social welfare if a tit-for-tat strategy is used?

In Berserkistan, Two Political Parties Vie for Control of the Country.Each