If an oligopolistic game is repeatedly played,which of the following can occur?
A) Players can learn ways to cooperate and make an economic profit.
B) The competitive price and output consistently is the final result.
C) Firms can learn how to cheat more effectively on the other player.
D) One firm will be driven out of business.
E) An implicit agreement is reached in which one firm constantly cheats on the cartel and the other firm complies with it.

Question

Quizplus · Accepted Answer

In repeated games, players can learn and develop trusting relationships, leading to cooperation and a collectively higher economic profit.

If an Oligopolistic Game Is Repeatedly Played,which of the Following