The Tit-For-Tat Strategy Implies That Firms:​

The tit-for-tat strategy implies that firms:​

A) will ignore the strategy of the dominant firm if it involves decreases in 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) cooperate on 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.