In an Infinitely Repeated Prisoner's Dilemma (Such as a Repeated

Multiple Choice

In an infinitely repeated prisoner's dilemma (such as a repeated price war) :

A) repeated defection is the only equilibrium.
B) there are two different equilibria: repeated defection and repeated cooperation.
C) repeated cooperation is the only equilibrium.
D) each player cooperates in the early stages, but defects near the end of the game.
E) there is no stable equilibrium strategy for either player.