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Business, 18.06.2020 02:57 anthonyvargas8780

Suppose the game is infinitely repeated, and the interest rate is 10%. If both firms stick to this agreement, then the present value of firm A’s payoff from not cheating:a. 220b. 110c. 330d. 550Ans: A18.What is the present value of A’s payoff from cheating? a. 70b. 50c. 30d. 20

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