Question: Explain and show with your own payoff matrix--with a non-repeated game and no cooperationthat, as economic agents pursue their self-interest, their actions will likely result
Explain and show with your own payoff matrix--with a non-repeated game and no cooperationthat, as economic agents pursue their self-interest, their actions will likely result in less-than-optimum outcomes.
Please answer the question with the concepts of Microeconomics. Thanks.
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