📊 MicroEconomics, Theory and Applications 1
Q. Which of the following legal restrictions, if enforced effectively, would be likely to solve a prisoners’ dilemma type of problem for the firms involved?
  • (A) a law that prevents a cartel from enforcing rules against cheating
  • (B) a law that makes it illegal for oligopolists to engage in collusion
  • (C) a law that prohibits firms in an industry from advertising their services
  • (D) all of the above would be likely to solve a prisoners\ dilemma for the firms
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✅ Correct Answer: (C) a law that prohibits firms in an industry from advertising their services

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