Suppose you are Coca-Cola and you are competing with Pepsi-Cola. Both of you would make more money if you advertised less - but you find yourself in a repeated prisoner's dilemma where you both are deciding to advertise. How would you prefer to deal with your competitor

Available Options Are:

A. Be nice and don't advertise first.

B. If your competitor advertises do not escalate the situation, but do match their move

C. Wait to respond to your competitors actions.

D. Make sure your actions are clear to your competitor.

E. All of the above except 'c'.

Option C. Wait to respond to your competitors actions.

Explanation:

The best way to respond to our customer would be by to wait to respond to Pesi-cola's actions. By doing so, we have option to take best advantage out of the position. Furthermore, it is in the best interest of both competitors to increase the revenue by not sepending huge amounts on advertising products. And this is only possible if both Coca-cola and Pepsi-cola not investing in marketing products. So the only option here that gicves this option is Statement C.

It can also help to design better strategy to take advantage of the competitor's strategy.

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