Question: Suppose that the producers in problem 2 make the choice to Cooperate or Defect infinitely many times (i.e. they repeat the game indefinitely). If each

Suppose that the producers in problem 2 make the choice to Cooperate or Defect infinitely many times (i.e. they repeat the game indefinitely). If each discounts the future at rate < 1, how large does have to be in order for cooperation to be sustainable? (Use the same information from above.)

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