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Which of the following statements is not correct about the prisoners' dilemma game played by a duopoly? a. Both firms have a dominant strategy. b.

Which of the following statements is not correct about the prisoners' dilemma game played by a duopoly? a. Both firms have a dominant strategy. b. The Nash equilibrium shows the highest profit for both firms. c. The cooperative outcome is inefficient, like the monopoly outcome. d. If the firms play repeatedly, cooperation becomes more likely

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