=+ b. Now suppose the two airlines play this game twice. And suppose each airline can play

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b. Now suppose the two airlines play this game twice. And suppose each airline can play one of two strategies: it can play either always charge the low price or tit for tat—1===+that is, it starts off charging the high price in the first period, and

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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