In January, Home Depot offered a 10% off coupon and Lowe's did not. In February, Lowe's offered a 10% off coupon and Home Depot did not. In March, Home Depot offered a 10% off coupon and Lowe's did not. It is likely that Home Depot and Lowe's are both playing the _________ strategy.

Question

Quizplus · Accepted Answer

The scenario given in the question demonstrates the tit-for-tat strategy as both Home Depot and Lowe's are repeating the actions of the previous round. The tit-for-tat strategy involves starting with cooperation and then repeating the previous round's action by the other player.

In January, Home Depot Offered a 10% Off Coupon and Lowe's