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Table: Oil Output Iran National Oil (profit in millions) Restrict Expand Oil Oil Output Output Iraq National Oil (profit-in Restrict $78, $60, Oil millions) $78

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Table: Oil Output Iran National Oil (profit in millions) Restrict Expand Oil Oil Output Output Iraq National Oil (profit-in Restrict $78, $60, Oil millions) $78 $89 Output Expand $89, $65, Oil $60 $65 Output Is there an incentive to cheat from cooperation in the game above? O Only in the Nash equilibrium. O No. O Unknown. O Yes

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