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December 22, 2014

Homework Help: Microeconomics

Posted by G on Wednesday, October 1, 2008 at 7:34pm.

I am on the chapter for Oligopoly

Question:

A prisoners' dilemma game demonstrates how cooperative action is often not rational, even though:

A. Prisoners are ot capable of individual choice

B Cooperation would make everyone worse off

C. Cooperation would make everyone better off

D. All of the above can be demonstrated with a prisoners' dilemma game

I picked D?

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