Question: At one time a major U S airline proposed that all

At one time a major U.S. airline proposed that all airlines adopt a uniform fare schedule based on mileage. The proposal would eliminate the many different fares that were available at that time. Most major airlines applauded the suggestion and began to adopt the plan. Soon, however, various airlines began cutting fares. Explain this using the prisoner’s dilemma.

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  • CreatedSeptember 27, 2014
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