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(Table: Firms a and B X) Two Firms Have Formed

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(Table: Firms A and B X) Two firms have formed an agreement to restrict output. (Table: Firms A and B X) Two firms have formed an agreement to restrict output. They are playing an infinitely repeated game in which output decisions must be made every period. Both firms are using grim trigger strategies.
They are playing an infinitely repeated game in which output decisions must be made every period. Both firms are using grim trigger strategies.

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a. The expected payoff from ke...

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