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The Prisoner's Dilemma leads to the failure of cooperation because: each party considers the best outcome for the market as a whole. each party is
The Prisoner's Dilemma leads to the failure of cooperation because: each party considers the best outcome for the market as a whole. each party is unable to reach a Nash equilibrium. cooperation doesn't yield the best outcome. agreements to cooperate are not credible
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Managerial Economics Markets and the Firm
Authors: William Boyes
2nd edition
618988629, 978-0618988624
