The prisoners dilemma shows us that firms have an incentive to _________, or fix prices, but then
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The prisoners’ dilemma shows us that firms have an incentive to _________, or fix prices, but then they also have an incentive to _______, or renege on their price fixing. The prisoners’ dilemma shows us that firms can sometimes be made better off if they ___________ instead of acting in their own ____________.
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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