16. Tit-for-tatmeaning if you raise your price, Ill match you by raising mine, and if you lower...
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16. Tit-for-tat—meaning if you raise your price, I’ll match you by raising mine, and if you lower your price, I’ll match you by lowering mine—seems to be a win/win strategy for both firms competing in a balanced oligopoly industry. So why does it not always end up as a win/win situation for them?
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