If two firms use a tit-for-tat scheme to maintain cartel pricing, and one firm chooses a high price in the current time period, then:
A. that firm will also choose a low price in the next time period.
B. that firm will also choose a high price in the next time period.
C. the other firm will choose a low price in the next time period.
D. the other firm will choose a high price in the next time period.
Answer: D
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