6 Oligopoly is like the prisoners' dilemma in that a a firm maximises its profits by producing...

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6 Oligopoly is like the prisoners' dilemma in that a a firm maximises its profits by producing a low quantity of output if the other firms in the oligopoly likewise produce low quantities of output.

b all firms in a cartel have an incentive to renege on a collusive agreement.

c it is a dominant strategy for all firms to cooperate.

d the prisoners' dilemma does not have a Nash equilibrium.

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