The "Prisoners' Dilemma" is an important game to study because strategic decisions faced by the prisoners are similar to those confronting noncolluding oligopolists.

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The Prisoners' Dilemma is a game theory scenario that involves two individuals who must decide whether to cooperate or betray each other for their own benefit. This is similar to the decision-making process of noncolluding oligopolists who must choose between cooperation and competition in the marketplace. Therefore, studying the Prisoners' Dilemma is relevant to understanding the strategic decisions faced by oligopolists.

The "Prisoners' Dilemma" Is an Important Game to Study Because