What strategies will each firm likely utilize

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Reference no: EM131047054

Suppose the game is infinitely repeated. What strategies will each firm likely utilize?

a. Firm A will charge a low price, and firm B will charge a low price.

b. Firm A will charge a high price, and firm B will charge a low price.

c. Firm A will charge a low price, and firm B will charge a high price.

d. Firm A will charge a high price, and firm B will charge a high price.

Reference no: EM131047054

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