The tit-for-tat strategy implies that firms _____
A) will ignore the strategy of the dominant firm if it involves decreasing the prices.
B) will follow the lead of the dominant firm in making pricing decisions.
C) will change the price of their products whenever fixed cost changes.
D) will cooperate in the first round and then follow the competitor's reactions in the second round.
E) will change the price of their products only if demand changes.
Correct Answer:
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A)strategic behavior among interdependent