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Repeated Games
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Repeated Games
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14. Oligopoly / Repeated Games / Problem 7
Problem 7
In a repeated game scenario, if Player X cooperates in the first round and Player Y cheats, what should Player X do in the second round using a tit for tat strategy?
A
Player X should change to a trigger strategy.
B
Player X should cooperate again.
C
Player X should cheat.
D
Player X should ignore Player Y's actions.
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