Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
1. The story of the prisoners’ dilemma shows why
a.
predatory pricing is clearly not in society’s best interest.
b.
economists are unanimous in condemning resale price maintenance, since it inevitably reduces competition.
c.
oligopolies can fail to act independently, even when independent decision-making is in their best interest.
d.
oligopolies can fail to cooperate, even when cooperation is in their best interest.
