When the possibility of collusion exists in a duopoly but, Business Economics

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When the possibility of collusion exists in a duopoly but

1. When the possibility of collusion exists in a duopoly, but both firms cheat after colluding, how will their actual profits differ from their expected profits?

2. Evaluate the statement: In the Prisoner's Dilemma game, the Nash Equilibrium is superior to any other possible outcomes. Why or why not?

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Business Economics: When the possibility of collusion exists in a duopoly but

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