Business, 28.09.2019 03:30 ramireznaidelyn

Laurel and janet are competitors in a local market and each is trying to decide if it is worthwhile to advertise. if both of them advertise, each will earn a profit of $5,000. if neither of them advertise, each will earn a profit of $10,000. if one advertises and the other doesn't, then the one who advertises will earn a profit of $12,000 and the other will earn $2,000. in this version of the prisoners' dilemma, if the game is played only once, laurel should:

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Laurel and janet are competitors in a local market and each is trying to decide if it is worthwhile...

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