Multiple Choice
Which of the following is an example of the prisoners' dilemma?
A) Firms in an industry increase their advertising expenditures, causing profits to rise.
B) A country provides subsidies to high technology firms, which are consequently able to increase market share.
C) Members of a commodity cartel produce excess output, driving down market price.
D) All of the above are correct.
Correct Answer:

Verified
Correct Answer:
Verified
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