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Sometimes oligopolies in the same industry are very different in size. Suppose we have a duopoly where one firm (Firm A) is large and the
Sometimes oligopolies in the same industry are very different in size. Suppose we have a
duopoly where one firm (Firm A) is large and the other firm (Firm B) is small, as shown
in the prisoner's dilemma box in Table 5.
Assuming that the payoffs are known to both firms, what is the likely outcome in this
case?
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