Question: Suppose Cheat - Coop 1i (Coop - N), where Cheat is the maximum one-shot payoff if the player cheats, Coop is the cooperative, one-shot payoff,

Suppose Cheat - Coop 1i (Coop - N), where Cheat is the maximum one-shot payoff if the player cheats, Coop is the cooperative, one-shot payoff, N is the one-shot Nash equilibrium payoff, and "i" is the interest rate. What does the left-hand side of the equation represent? Multiple choice question. The one-time gain of maintaining a collusive agreement. The infinitely repeated gain of maintaining a collusive agreement. The one-time gain of breaking a collusive agreement. The infinitely repeated gain of breaking a collusive agreement

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