Consider:
$$ n_k = [\frac{(k-1)(1-\rho)}{1 + (1-\rho)k}][\frac{(k-2)(1-\rho)}{1 + (1-\rho)(k-1)}]... $$
Where $k \geq 1$ and $0 < \rho < 1$. My interpretation is:
$$ \frac{(1-\rho)^{k-1}}{(1-\rho)^k}[\frac{(k-1)}{(\frac{1}{1-\rho}+k)}][\frac{(k-2)}{(\frac{1}{1-\rho}+(k-1))}]... $$
But I think I am missing something.
Let's assume $\rho \neq 1$ and $k\geq 2$. Each factor of $n_k$ has the shape \begin{align*} \frac{(j-1)(1-\rho)}{1+(1-\rho)j}=\frac{1-\rho}{1-\rho}\cdot \frac{j-1}{\frac{1}{1-\rho}+j}=\frac{j-1}{\frac{1}{1-\rho}+j}\qquad\qquad 2\leq j \leq k \end{align*}
Hint: The problem is not clearly specified. To fully state the problem we need to know assertions like $\rho \neq 1$ and ranges of variables ($k\geq 2$). We should also specify that the rightmost factor of $n_k$ is $\frac{1\cdot(1-\rho)}{1+(1-\rho)\cdot2}$ to indicate that we don't want a factor $0$ to be part of this product.