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If the decision by the firms in a duopoly to set prices high or low creates payoffs like the prisoner's dilemma, then Group of answer
If the decision by the firms in a duopoly to set prices high or low creates payoffs like the prisoner's dilemma, then Group of answer choices the Nash equilibrium is good for the two firms but bad for society. the cooperative outcome is good for the two firms but bad for society. the cooperative outcome is good for the two firms and good for society. the Nash equilibrium is good for the two firms and good for society
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