Which of the following statements is true about an infinitely repeated game?
A)In this game, players always believe there is a future.
B)In this game, each player's best choice is to implicate the rivals.
C)It is the solution concept used to predict the outcome of competitive interactions.
D)It removes incentive to defect in the sense that no firm can improve its payoffs.

Question

Quizplus · Accepted Answer

In an infinitely repeated game, players believe there is a future because the game is played repeatedly with no specified endpoint.

Which of the Following Statements Is True About an Infinitely