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youngbloodz youngbloodz
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8 months ago

If two firms that form a cartel agreement are in a prisoner's dilemma game, then



both firms will have an incentive to break the agreement.



only one firm will have an incentive to break the agreement.



both firms will be better off if they hold to the agreement than if they break it.



a and c



b and c

Textbook 
Economics

Economics


Edition: 12th
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maneee1maneee1
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