Question: Tables 14.1 and 14.4 both involve two firms each choosing between low and high outputs, but only one of the tables illustrates the prisoners dilemma.

Tables 14.1 and 14.4 both involve two firms each choosing between low and high outputs, but only one of the tables illustrates the prisoner’s dilemma. Explain why the nature of the market in which firms interact may sometimes produce a prisoner’s dilemma and sometimes not.

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