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Business, 09.12.2021 04:00 najsha

Gary's Gas and Frank's Fuel are the only two providers of gasoline in Smalltown. Gary and Frank decide to form a cartel. Later, Gary summarizes his pricing strategy as, I'll cheat on the cartel because regardless of what Frank does, cheating gives me the best payoff. This is an example of:

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Gary's Gas and Frank's Fuel are the only two providers of gasoline in Smalltown. Gary and Frank deci...
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