What do games that are played more than once generally lead to
A)outcomes dominated purely by self-interest
B)outcomes that do not reflect joint rationality
C)cheating on cartel production quotas
D)collusive arrangements that are easier to enforce

Question

Quizplus · Accepted Answer

Games that are played more than once generally lead to collusive arrangements that are easier to enforce. As players have multiple opportunities to interact and build trust, they are more likely to cooperate and form alliances. This can lead to the emergence of collusive arrangements, which are essentially agreements between players to behave in a certain way to achieve mutually beneficial outcomes. These arrangements can be easier to enforce over time, as players become more invested in maintaining them and are more likely to punish any deviations.

What Do Games That Are Played More Than Once Generally