Historical note: The IMF was formed in

The state can expropriate the profits from innovation through legal means.

a. true b. false

The prisoner's dilemma illustrates

A) how oligopolists engage in implicit collusion under strategic situations. B) how cooperation in strategic situations leads to the economically efficient market outcome. C) why firms will not cooperate if they behave strategically. D) why firms have an incentive to cheat on agreements.