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Which of the Following Is an Example of a Way

Question 145

Multiple Choice

Which of the following is an example of a way in which a firm in oligopoly can escape the prisoner's dilemma?


A) Producing more of its product
B) Advertising that it will match its rival's price
C) Reneging on a previous tacit agreement with rival firms to charge identical high prices
D) Ignoring the pricing decisions of the other firms

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