Answer:
From the context, the reader can determine that the word i’ means the following:
in.
Step-by-step explanation:
Hamlet states anyone who acts with villainy will indeed be regarded as a villain in Denmark. Horatio tells Hamlet it does not take a ghost returning from his grave to tell them that, since it is rather obvious. To which Hamlet replies: "Why, right; you are i’ the right", that is, "Why, right; you are in the right", which "translates" as "You are totally right!."