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A Prisoner's Dilemma Is a Situation in Which

Question 198

Multiple Choice

A prisoner's dilemma is a situation in which


A) a change in marginal cost may not lead to a change in price
B) a firm's competitors follow a price increase but ignore a price decrease
C) oligopolists behave irrationally
D) oligopolists attempt to maximize sales rather than profits
E) an oligopolists demand curve may become perfectly inelastic

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