A coordination failure is said to occur when people do not reach a mutually beneﬁcial equilibrium
because they lack some way to jointly coordinate their actions to achieve it.

Name: A coordination failure is said to occur when people do not reach a mutually beneﬁcial equilibrium because they lack some way to jointly coordinate their actions to achieve it.
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Question

Quizplus · Accepted Answer

A coordination failure occurs when people cannot coordinate their actions to reach a mutually beneficial equilibrium.

A Coordination Failure Is Said to Occur When People Do