What is the difference between a tit-for-tat trigger strategy and a grim trigger strategy?

A.How do monopolistically competitive markets differ from perfectly competitive markets? If monopoli Show more A.How do monopolistically competitive markets differ from perfectly competitive markets? If monopolistically competitive firms are making profits in the short run what happens in the long run? B. How do monopolistically competitive firms exhibit market power? In what ways can a firm increase market power? C.Explain what strategic interdependence means and how it applies to oligopoly markets. D.Why is it difficult for cartels to maintain high prices effectively over the longer term? E.Why would the use of repeated games make overcoming the Prisoners Dilemma easier compared to a game that is played only once? F.What is the difference between a tit-for-tat trigger strategy and a grim trigger strategy? Show less

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