3. Suppose the prisoner's dilemma in question 2 is played an infinite number of times. Assume a discount factor of 8 and the payoff for the entire game is the present value of the payoffs from each stage. For what values of 8 is it optimal for the players to cooperate if trigger strategies are being used?

Q: c. How much total consumer surplus will each of them receive at a price of $32?

A: Last parts C and d are answered below:

Q: Do you have any references or sources for this information

A: In an error correction model (ECM) expectations about future economic conditions can influence the…

Q: what about question g

A: Equilibrium price is a fundamental concept in economics that refers to the price at which the…

Q: the quantity of a good or service which consumers want and have the ability to purchase

A: Quantity- It is the number or amount of goods or services.

Q: Let’s say that you need a car. How would you go about deciding which car to buy?

A: The mechanism by which a person or a company decides the course of action to take is referred to as…

Q: What is TARP?

A: The term TAPR stands for Troubled Asset Relief Program.

Q: Select one topic from the list below related to money and banking for the course. Once you have…

A: Electronic transactions and banking refer to the use of digital platforms to conduct financial…

Q: could you also help with question g ?

A: Ariel's opportunity cost for 1 book 2/3=0.67 problem set.So Ariel will accept price when her…

Q: i need help with all of them

A: The government uses price controls to exert direct influence over market prices. It has an impact on…

Q: how do you write an audit of how you nonverbally communicate?

A: Title: Audit of Nonverbal Communication SkillsIntroduction:This audit aims to evaluate and assess…

Q: Select one topic from the list below related to money and banking for the course. Once you have…

A: The global market and banking connection refers to the interdependence between international…

Q: What important informations are required in evaluations?

A: Evaluation can be understood as a systematic and objective assessment of an ongoing or completed…

Q: Four examples of detailed letters of inquiry (about products or services)

A: Detailed explanation: Example 1: Inquiry about New Product[Your Name][Your Address][City, State, Zip…

Q: what is the most important concept in satisfying needs and wants

A: A need is anything which is a basic necessity and is required to live. On the other hand, wants are…

Q: is consumer spending likely to go up or down in the next 12 to 18 months

A: Consumer Spending: This refers to the total amount of money spent by individuals or households on…

Q: Are you able to assist me with the last two questions?

A: The Gini coefficient determines income distribution across a population. Created by the Italian…