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Suppose the only two gas stations in town have a secret agreement to maintain high gas prices to their mutual benefit. If one gas station
Suppose the only two gas stations in town have a secret agreement to maintain high gas prices to their mutual benefit. If one gas station decides to try to gain some market share by lowering its prices for a day and the other gas station retaliates by permanently lowering its prices, the retaliating gas station has employed a _____ strategy. grim trigger trembling hand trigger tit-for-tat dominant
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