The noncooperative outcome in the prisoner's dilemma is that both prisoners confess to the crime.
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Q131: A Nash equilibrium always leads to the
Q132: Exhibit 11-4 Q133: A cartel most likely occurs in which Q134: Exhibit 11-4 Q135: Bertrand competition occurs when oligopolists compete with Q137: In a cartel, Q138: The prisoner's dilemma represents a situation in Q139: When oligopolistic firms engage in Cournot competition, Q140: Collusion is most likely to occur when Q141: What does the prisoner's dilemma imply about
A)all firms are exactly alike.
B)all
A)there
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