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How Does the Prisoner's Dilemma Help Us Understand the Behaviour

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Essay

How does the prisoner's dilemma help us understand the behaviour of oligopoly firms?


Definitions:

Flattened Management Hierarchies

This term refers to organizational structures with fewer levels of middle management, promoting faster decision-making and closer communication among employees.

Ethics

A set of moral principles that govern the behavior of individuals and organizations.

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Actively Listening

The process of fully concentrating, understanding, responding, and remembering what is being said in a conversation.

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