-Refer to the Payoff Matrix Above

Multiple Choice

-Refer to the payoff matrix above. If Best Lights and Bright Lights both know that they will play the game a finite number of times, but neither firm knows when the last period will be, there ________an opportunity to earn higher profit because the managers________ worry about punishment for cheating.

A) is; will
B) is not; will not
C) is; will not
D) is not; will