-Refer to the payoff matrix above. If Best Lights and Bright Lights both know that they will play the game a finite number of times, but neither firm knows when the last period will be, there ________an opportunity to earn higher profit because the managers________ worry about punishment for cheating.
A)is; will
B)is not; will not
C)is; will not
D)is not; will

Question

-Refer to the payoff matrix above. If Best Lights and Bright Lights both know that they will play the game a finite number of times, but neither firm knows when the last period will be, there ________an opportunity to earn higher profit because the managers________ worry about punishment for cheating.
A)is; will 
B)is not; will not 
C)is; will not 
D)is not; will

Quizplus · Accepted Answer

The Answer is A

-Refer to the Payoff Matrix Above