In a repeated game, how does the outcome differ if firms know that the game will be?
Question:
(a) Repeated indefinitely,
(b) Repeated a known, finite number of times,
(c) Repeated a finite number of times but the firms are always unsure whether the current period will be the last?
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a If the game is repeated indefinitely then collusion is more likely than in a singleperiod game Thi...View the full answer
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Related Book For 
Managerial Economics and Strategy
ISBN: 978-0321566447
1st edition
Authors: Jeffrey M. Perloff, James A. Brander
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