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QUESTION
In a repeated decision for which the present value of the benefits of cheating are greater than the present value of the costs of cheating, deciding...
In a repeated decision for which the present value of the benefits of cheating are greater than the present value of the costs of cheating,
deciding to cooperate is a value-maximizing decision.
deciding to cheat is a value-maximizing decision.
deciding to cheat is never a value-maximizing decision.
None of these options are correct.
