Question: The payo' matrix represents hypothetical prots that could be earned by two milk sellers who have formed a cartel. Each seller must decide whether or

The payo' matrix represents hypothetical prots that could be earned by two milk sellers who have formed a cartel. Each seller must decide

whether or not to cheat on the production quotas in the cartel

agreement. Use the payoff matrix to answer the questions. r Cheat Heifer's

The payo' matrix represents hypothetical prots that could be earned by two milk sellers who have formed a cartel. Each seller must decide whether or not to cheat on the production quotas in the cartel agreement. Use the payoff matrix to answer the questions. r Cheat Heifer's

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