In a Repeated Decision for Which the Present Value of the Benefits

question 30

Multiple Choice

In a repeated decision for which the present value of the benefits of cheating is greater than the present value of the costs of cheating,

• A)deciding not to cheat is a value-maximizing decision.
• B)deciding to cooperate is a value-maximizing decision.
• C)deciding to cheat is a value-maximizing decision.
• D)both a and b

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