Question: Consider the following information for a simultaneous move, infinitely repeated game: If you and your rival each charge a low price, you each will earn

Consider the following information for a simultaneous move, infinitely repeated game:
If you and your rival each charge a low price, you each will earn $5 million in profits. You will each earn $10 million in profits if you each charge a high price. However, if one of you charges a low price and the other charges a high price, the firm that charges a low price will earn $15 million and the firm that charges a high price will earn $1 million. The onetime benefit of cheating on the cooperative agreement is:
Select one:
$10 million
$5 million
$15 million
$1 million
Consider the following information for a

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