(Consider This) The prisoner's dilemma reveals that:
A. collusive agreements will always fail.
B. the price leadership model does not work.
C. nonprice competition is more profitable than price competition.
D. sometimes when individuals act independently in their own self-interest, everyone is worse
off than if they had cooperated.
Answer: D
Economics
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a. true b. false
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Under NAFTA, environmental standards are
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