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Question Firm B Small Cars Large Cars Firm A Small Cars 1,1 3,21 Large Cars 21,3 4,2 Is the pricing decision a prisoner's dilemma? Why

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Firm B

Small Cars Large Cars

Firm A Small Cars 1,1 3,21

Large Cars 21,3 4,2

Is the pricing decision a prisoner's dilemma? Why or why not ? What is the cooperative outcome? What is the non-cooperative outcome ?

If they cooperate is there an incentive to cheat? Explain

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