This prisoner's dilemma game shows the payoffs associated with two firms, A and B, in an oligopoly and their choices to either collude with one another or not.
Given the situation in the matrix shown, the two firms are likely to collude only if:
A. The two firms will always choose to compete.
B. they will only make the decision once.
C. they are the only two firms with dominant market share.
D. it is a repeated game.
Answer: D
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