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Suppose two players are going to be playing the following prisoner's dilemma an infinite number of times. C stands for Confess and NC for Not Confess. Their discount factor is $\delta=0.9$.

C NC
C $\begin{align}{-2, -2}\end{align}$ $\begin{align}{0, -3}\end{align}$
NC $\begin{align}{-3, 0}\end{align}$ $\begin{align}{-1, -1}\end{align}$

If they play the Nash equilibrium of the stage game, what is the present value for each of them?

A

Infinity.

B

Negative Infinity.

C

$-10$

D

$-20$

E

Zero.

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