Question

Which of the following is a theory that studies the interactions between two parties that compete and/or cooperate with each other? a. Prisoner's dilemma b. Game theory c. Cross-market retaliation d. Predatory pricing

Answer 1

The prisoner's dilemma. It investigates how trust is formed through cooperation and how distrust arises based on the stakes in the situation that make it more appealing for people to cooperate or defect.

Step-by-step explanation: