Suppose n identical firms engage in Bertrand competition in a stage game repeated infinitely often.What condition on the discount factor
Is required for firms to be able to tacitly collude on the monopoly industry output?

Question

Suppose n identical firms engage in Bertrand competition in a stage game repeated infinitely often.What condition on the discount factor 
Is required for firms to be able to tacitly collude on the monopoly industry output?

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The Answer of Suppose n identical firms engage in Bertrand competition in a stage game repeated infinitely often.What condition on the discount factor 
Is required for firms to be able to tacitly collude on the monopoly industry output?

Suppose N Identical Firms Engage in Bertrand Competition in a Stage