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Is the prisoner dilemma relevant to business ethics

Problem:

A prisoner's dilemma is a situation where two parties choose to cooperate or not, and where both gain when both cooperate, but if only on cooperates the other gains even more, while if both do not cooperate both lose (Velasquez, 2006).

Is the prisoner's dilemma relevant to business ethics? Why or why not?

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Business Law and Ethics: Is the prisoner dilemma relevant to business ethics

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