What describes the end-game problem


Question: Which of these describes the end-game problem? a. a round in a long-run contract relationship that has the same logic as a one-round, single transaction contract. b. a round in a long-run contract relationship in which it is impossible for the parties to cooperate without an enforceable contract. c. the final round in which neither party to the contract has an opportunity to retaliate against the other. d. all of these

 

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