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Suppose pricing PlayStations is a repeated game in which Walmart and Target will be selling the game system in competition over a long period of
Suppose pricing PlayStations is a repeated game in which Walmart and Target will be selling the game system in competition over a long period of time (so each firm starts to learn). In this case, what is the most likely outcome? Hint: The question is getting you to think about a cooperative equilibrium Screen Shot 2023-12-07 at 21.18.48.png Group of answer choices a cooperative equilibrium in which each firm charges the low price a cooperative equilibrium in which each firm charges the high price a noncooperative equilibrium in which each firm charges the low price a noncooperative equilibrium in which each firm charges the high price
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