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Nick has been subliminally exposed to the word hostile, Dan to the word house, and Felix to the word hungry. Which of these men is most likely to defect on a majority of the trials in a prisoner's dilemma game?
Marginal Cost
The increase in cost that arises from producing one additional unit of a good or service.
Output Effect
The impact on total output or production due to a change in selling price, affecting the quantity sold.
Price Effect
The impact on consumer demand and consumption patterns caused by changes in the price of goods or services.
Collude
To cooperate secretly, especially with the intention to deceive or achieve an illegal or deceitful purpose.
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