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From the following payoff matrix where the payoffs refer to

From the following payoff matrix, where the payoffs refer to the profits that firms A and B earn by cheating and not cheating in a cartel,

(a) Determine whether firms A and B face the prisoners' dilemma.

(b) What would happen if we changed the payoff in the bottom left cell to (5.5)

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Business Management: From the following payoff matrix where the payoffs refer to

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Business Management: From the following payoff matrix where the payoffs refer to

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