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There are two players engaged in a repeated prisoners' dilemma with a continuation probability of 5 = I16. Solye for x, where x is the

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There are two players engaged in a repeated prisoners' dilemma with a continuation probability of 5 = I16. Solye for x, where x is the minimum payoff necessary to sustain cooperation in this game if both players employ a grim trigger strategy. Round to 2 decimal places. Isl! Player 1m Ell NOTE: You are required to show your calculations to receive full credit

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