If Soapy Inc. and Suddies Inc. repeatedly play the duopoly game that has the payoffs described in
Question:
a. What now are the strategies that each firm might adopt?
b. Can the firms adopt a strategy that gives the game a cooperative equilibrium?
c. Would one firm still be tempted to cheat in a cooperative equilibrium? Explain your answer.
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a Each firm can adopt a titfortat strategy or a trigger strategy strategies that were not possible i...View the full answer
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