What would it mean for two sellers to act noncooperatively, Mathematics

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What would it mean for two sellers to act noncooperatively

What would it mean for two sellers to act noncooperatively, in a "prisoner's dilemma" manner? What real world examples can you think of? What, instead, would it mean for two sellers to collude? Which of the two outcomes is more common in the real world? Why?

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Mathematics: What would it mean for two sellers to act noncooperatively

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Mathematics: What would it mean for two sellers to act noncooperatively

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