Firms are more likely to find themselves in a prisoner's dilemma in sequential games as opposed to simultaneous games.

Name: Firms are more likely to find themselves in a prisoner's dilemma in sequential games as opposed to simultaneous games.
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In sequential games, firms can observe the actions of others before making their own decisions, reducing the likelihood of a prisoner's dilemma compared to simultaneous games where decisions are made without knowledge of the other player's actions.

Firms Are More Likely to Find Themselves in a Prisoner's