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Author Question: The prisoners' dilemma is similar to the problem faced by firms in an oligopoly in the United States because (Read 193 times)

scienceeasy

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on: May 24, 2019
The prisoners' dilemma is similar to the problem faced by firms in an oligopoly in the United States because
◦ mutual interdependence exists, and collusion is illegal in the United States, so the firms cannot legally communicate.
◦ collusion is legal in the United States, and firms can communicate their pricing decisions to each other.
◦ failure to cooperate leads to better outcomes than cooperation.
◦ private prisons are run by oligopolies.
◦ the firms can communicate but mutual interdependence exists.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by scienceeasy on May 24, 2019

vkodali

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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scienceeasy

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Reply #2 on: May 24, 2019
Thanks


vkodali

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Reply #3 on: May 24, 2019
Welcome :)


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