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Cheat, cooperate, can not be determined, or none of the above Question 4 In the game shown below, firms 1 and 2 must independently decide

Cheat, cooperate, can not be determined, or none of the above

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Question 4 In the game shown below, firms 1 and 2 must independently decide whether to charge high or low prices. Firm Two Firm One High Price (12.12) (-50,100) Low Price (100.-501 (2.2) Suppose the game is infinitely repeated, and the interest rate is 12 percent. Most likely you and your rival may choose to

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