For which values of the discount factor delta can the, Game Theory

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For which values of the discount factor delta can the

Grim Trigger: Consider the infinitely repeated game with discount factor δ

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a. For which values of the discount factor δ can the players support the pair of actions (M,C) played in every period?

b. For which values of the discount factor δ can the players support the pair of actions (T,L) played in every period? Why is your answer different from that for (a)?

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