Business
Business, 21.06.2019 14:10, jazzilove710

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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