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Home Questions & Answers General Knowledge Economics Question Answers

    The Prisoner's Dilemma illustrates ?
     

  • The lack of co - operation among firms in a competitive market
  • The lack of co - operation among firms in a monopolistic market
  • The lack of co - operation between a monopoly and its customers
  • Why in an oligopoly market, co - operation is difficult to achieve even when it is mutually beneficial.

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