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In a standard, two-player Prisoner's Dilemma type game, the collusive (cartel) agreement outcome is ________ than the Nash equilibrium and __________. a. Better for both
In a standard, two-player Prisoner's Dilemma type game, the collusive (cartel) agreement outcome is ________ than the Nash equilibrium and __________.
a. Better for both players ; is stable b. Worse for both players ; is not stable c. Both (a) and (b) are true. d. Neither (a) nor (b) is true.
Better for both players and is not stable?
Please correct this
Thank you!
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