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Why is the repeated- game model more relevant for economics analysis? Given an economic example where...

Why is the repeated- game model more relevant for economics analysis? Given an economic example where the single-period model is applicable

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one often generates multiple outcomes in general equilibrium partly by varying the technology or preferences in the model.A repeated game more readily gives multiple equilibria despite holding the technology and preferences fixed. that why repeated game model is more relevant for economic analysis

single period model  are sold at their regular price only during a single time period.Demand for these products is highly variable but follows a known probability distribution.Salvage value of these products is less than their original cost, so you lose money when they are sold for their salvage value.For example, week-old newspapers are inexpensive compared to newspapers offering fresh news. The question is how many of these products you should order to maximize your expected profit.

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