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Author Question: A prisoner's dilemma is a situation in which a. a change in marginal cost may not lead to a change ... (Read 66 times)

AEWBW

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on: Jun 30, 2018
A prisoner's dilemma is a situation in which
 a. a change in marginal cost may not lead to a change in price
  b. a firm's competitors follow a price increase but ignore a price decrease
  c. oligopolists behave irrationally
  d. oligopolists attempt to maximize sales rather than profits
  e. an oligopolists demand curve may become perfectly inelastic

Question 2

Private property rights are easily assigned to open-access resources.
 a. True
  b. False


b614102004

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


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