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Author Question: The prisoner's dilemma provides an explanation for a. the price wars that sometimes occur in ... (Read 154 times)

tichca

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on: Jun 30, 2018
The prisoner's dilemma provides an explanation for
 a. the price wars that sometimes occur in oligopolies
  b. the ability of firms in an oligopoly to extract the entire consumer surplus
  c. the collusive behavior that sometimes occurs in an oligopoly
  d. the failure of firms in non-competitive industries to maximize profits
  e. an irrational behavior that occurs in competitive markets

Question 2

If periodic use of a resource can be continued indefinitely, that resource is said to be
 a. removable
  b. renewable
  c. cyclical
  d. recyclable
  e. part of a common pool


heinisk01

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

A

Answer to Question 2

B


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tichca

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Reply #2 on: Jun 30, 2018
Correct answers!


heinisk01

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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