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Mairoon Mairoon
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Posts: 850
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6 years ago
Investment in safety at the firm level poses a prisoners' dilemma because
A) if each firm plays its dominant strategy, joint profits are maximized.
B) if each firm plays its dominant strategy, joint profits are not maximized.
C) neither firm has a dominant strategy.
D) the Nash equilibrium is not achieved.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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wrote...
6 years ago
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Mairoon Author
wrote...
5 years ago
Thanks. This is just start. Wink Face
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