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microeconomics- strategic thinking course QUESTION 4 Suppose two people interact repeatedly and forever in a situation that can be represented by the Prisoners' Dilemma in

microeconomics- strategic thinking course

QUESTION 4

Suppose two people interact repeatedly
and forever in a situation that can be represented by the Prisoners' Dilemma in the payoff matrix below. What is the highest
possible effective rate of return, R, that will sustain cooperation by grim trigger strategies?

Player 2 Defect Cooperate Defect 9,9 18,0 Player 1 Cooperate 0,18 10,10

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