Which of the following is true of game theory?
A) Cooperation is more likely to occur in repeated games than in one-shot games.
B) At a Nash equilibrium, all firms have an incentive to change behavior.
C) Cooperative strategies are equally likely in one-shot and repeated games.
D) A tit-for-tat strategy is a way to reward noncooperation and punish cooperation in a repeated game.
E) Collusion is an example of a noncooperative game.
Correct Answer:
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