what is the prisoner's dilemma result? explain how you arrived at the solutions. what is the best choice from sam if he is sure that marry will cooperates? if marry thinks Sam will cheat what should marry so and why. explain an oligopolistic market structure with example

X with the bee QUESTION 2: 25 Total Marks Mary and Sam are the only two growers who provide organically grown corn to Woolworths supermarkets. The table below shows each person's profits, depending on what price Mary and Sam charge. Mary chooses Low price High price Low price Sam earns $100 Sam earns $200 Mary earns $100 Mary earns $0 Sam chooses High price Sam earns SO Sam earns $150 Mary earns $200 Mary earns $150 Question 3 al [10 marks) What is the prisoner's dilemma result? Explain how you arrived at the solution. by 10 marks] What is the best choice for Sam if he is sure that Mary will cooperate? If Mary thinks Sam will cheat, what should Mary do, and why? cl ['S marks) Explain an oligopolistic market structure with an example