Homework Help: Managerial economics

Posted by Linda on Monday, June 22, 2009 at 12:15am.

Which one is the best answer

A tit-for-tat strategy may be implemented:
a. as an attempt to cheat cooperating members of an oligopoly
b. as an attempt to acquire market dominance and become a monopolist
c. as a punishment strategy for cheating
d. a and b
e. none of the above

Managerial economics - economyst, Monday, June 22, 2009 at 9:02am
I think c. Tit-for-Tat is a game-theory strategy for holding other players in line; its a promise of "I'll do what you do"

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