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Business, 16.07.2021 01:10 jacorey77

Suppose the game is infinitely repeated, and the interest rate is 10 percent. Both firms agree to charge a high price, provided no player has charged a low price in the past. If both firms stick to this agreement, then the present value of firm A's payoffs are:

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Suppose the game is infinitely repeated, and the interest rate is 10 percent. Both firms agree to ch...
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