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Question
The following table shows two firms in a single-stage duopoly game. Each firm makes its decision without knowledge of the other firms decision. The payoffs for each firm represent economic profits, and each firm strictly prefers more economic profit than less. This game would be considered a prisoners dilemma if X is between
a. $10,000 and $25,000.
b. $25,000 and $35,000.
c. $10,000 and $35,000.
d. $35,000 and $70,000.
e. $45,000 and $70,000.
Answer
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