The Story of the Prisoners' Dilemma Shows Why

question 173

Multiple Choice

The story of the prisoners' dilemma shows why

• A)predatory pricing is clearly not in society's best interest.
• B)economists are unanimous in condemning resale price maintenance, since it inevitably reduces competition.
• C)oligopolies can fail to act independently, even when independent decision-making is in their best interest.
• D)oligopolies can fail to cooperate, even when cooperation is in their best interest.

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Definitions:

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