A trigger strategy is a strategy that
A) depends on an opponent's past decisions.
B) determines when to enter an industry.
C) tells a business to exit the industry because the price is below the AVC.
D) is only relevant for sequential games.

Question

Quizplus · Accepted Answer

A trigger strategy is a strategy in game theory where a player's future actions depend on the opponent's past decisions, often used in repeated games to enforce cooperation.

A Trigger Strategy Is a Strategy That