Example of the prisoners dilemma

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Which of the following is an example of the prisoner's dilemma?

A) Firms in an industry increase their advertising expenditures causing profits to rise.

B) A country provides subsidies to high technology firms which are consequently able to increase market share

C) Members of a commodity cartel produce excess output, driving down market price

D) All of the above are correct

Reference no: EM13697355

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