9. Refer to the payoff matrix in discussion question 3. First, assume this is a one-time game. Explain how the $60/$57 outcome might be achieved through a credible threat.

Next, assume this is a repeated game (rather than a onetime game) and that the interaction between the two firms occurs indefinitely. Why might collusion with a credible threat not be necessary to achieve the $60/$57 outcome?
LO14.6