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Decreasing a tariff will be easier as part of a mutual agreement than a unilateral policy. Explain with the game theory (prisoner's dilemma) that free

Decreasing a tariff will be easier as part of a mutual agreement than a unilateral policy. Explain

with the game theory (prisoner's dilemma) that free trade will make both countries better-off

compared with doing trade procetion or trade war. Construct the payoff matrix and explain

the assumptions for that particular condition.

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