Compared to the Nash Equilibrium, if the two firms are planning an extended advertising campaign, they will

Multiple Choice

both decide to advertise less.

both decide to advertise more.

decide based on the first mover.

alternate between more and less advertising to ensure that both firms have the opportunity to earn $$7,500.$

As compared to single games, repeated games may make participants

Multiple Choice

more competitive.

less aggressive.

less aggregable.

more dominant.