In the prisoner's dilemma, each of the two prisoners will be better off if neither confesses than if they both confess.
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Q118: In oligopoly, the number of firms is
Q119: To say that game theory assumes people
Q120: Exhibit 11-3 Q121: The prisoner's dilemma is a noncooperative outcome Q122: A market in which only two competing Q124: A cartel Q125: When one firm in a cartel defects, Q126: The difference between explicit and tacit collusion Q127: Exhibit 11-4 Q128: When oligopolists compete in quantities, they are
A)is a form of price leadership.
B)occurs
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