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Your fast response is my greatest help. 1. Q: Referring to the hypothetical 2-by-2 matrix of prisoners' dilemma scenario below, discuss why there exists inherent

Your fast response is my greatest help.

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Q: Referring to the hypothetical 2-by-2 matrix of prisoners' dilemma scenario below, discuss why there exists inherent incentive for Coca-Cola and PepsiCo to provide discount price, instead of implicitly agreeing with each other on maintaining a common regular price.

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PepsiCo Regular price Discount price (Collusion) (Defection) Regular price Both make 500 Coca-cola makes 0 Pepsi makes 750 Coca-Cola Discount Coca-cola makes 750 price Pepsi makes 0 Both makes 250

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