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This Prisoner's Dilemma Game Shows the Payoffs Associated with Two

Question 140

Multiple Choice

This prisoner's dilemma game shows the payoffs associated with two firms,A and B,in an oligopoly and their choices to either collude with one another or not. This prisoner's dilemma game shows the payoffs associated with two firms,A and B,in an oligopoly and their choices to either collude with one another or not.   According to the matrix shown,the firms: A)  both have a dominant strategy. B)  both have an incentive to renege on collusion. C)  both have an incentive to compete. D)  All of these statements are true. According to the matrix shown,the firms:


A) both have a dominant strategy.
B) both have an incentive to renege on collusion.
C) both have an incentive to compete.
D) All of these statements are true.

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