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Loraine Loraine
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8 years ago
The prisoners' dilemma is similar to the problem faced by firms in an oligopoly in the United States because
A) mutual interdependence exists, and collusion is illegal in the United States, so the firms cannot legally communicate.
B) collusion is legal in the United States, and firms can communicate their pricing decisions to each other.
C) failure to cooperate leads to better outcomes than cooperation.
D) private prisons are run by oligopolies.
E) the firms can communicate, but mutual interdependence exists.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 186 times
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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VincenzoDVincenzoD
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8 years ago
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Loraine Author
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8 years ago
Smart ... Thanks!
annabananerz
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Yesterday
Thanks for your help!!
tcat
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2 hours ago
Brilliant ツ
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