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    Managerial Economics Study Set 2
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    Exam 15: Strategic Games
  5. Question
    The Implication of the Prisoners' Dilemma for a Long-Run Strategy
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The Implication of the Prisoners' Dilemma for a Long-Run Strategy

Question 3

Question 3

Multiple Choice

The implication of the prisoners' dilemma for a long-run strategy is for firms to


A) Do nothing
B) Differentiate your product that competitors cannot imitate
C) Figure a way to lower their costs
D) Both b and c

Correct Answer:

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