60 -Consider the Infinitely-Repeated Expansion Game Depicted in Figure 4.3. at at What

Multiple Choice

60
-Consider the infinitely-repeated expansion game depicted in Figure 4.3. At what discount rate is a firm indifferent between cooperating and defecting?

A) Around 13 percent.
B) Around 24 percent.
C) Around 27 percent.
D) Around 33 percent.
E) None of the above.