Question: In a repeated game, how does the outcome differ if firms know that the game will be? (a) Repeated indefinitely, (b) Repeated a known, finite

In a repeated game, how does the outcome differ if firms know that the game will be?
(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 full answer

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