Question: 2.1 In a repeated game, how does the outcome differ if firms know that the game will be (a) repeated indefinitely, (b) repeated a known,

2.1 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, and

(c) repeated a finite number of times but the firms are always unsure whether the current period will be the last? (Hint: See Solved Problem 14.2.)

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