Equilibrium in a repeated one-stage game:
A) requires cooperation.
B) does not require cooperation.
C) can only be found if the game is finite.
D) can only be found if the game is infinite.

Question

Quizplus · Accepted Answer

Equilibrium in a repeated one-stage game does not require cooperation, as players can reach equilibrium without any communication or agreement between them. Each player can simply choose their best response based on their opponent's past actions.

Equilibrium in a Repeated One-Stage Game