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perhaps it's a homework assignment,
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or perhaps it's a video project like these guys,
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that can turn into a Prisoners' Dilemma.
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Why? Because each individual might have an incentive to shirk.
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Price competition
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two firms competing with one another in prices
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can have a Prisoners' Dilemma aspect about it.
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Why? Because no matter how the other firm, your competitor, prices
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you might have an incentive to undercut them.
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If both firms behave that way,
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prices will get driven down towards marginal cost
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and industry profits will suffer.