{"id":9293,"date":"2020-01-10T22:42:28","date_gmt":"2020-01-10T22:42:28","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/?page_id=9293"},"modified":"2020-01-10T22:42:28","modified_gmt":"2020-01-10T22:42:28","slug":"prisoners-dilemma-for-oligopolists-alternative-text","status":"publish","type":"page","link":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/prisoners-dilemma-for-oligopolists-alternative-text\/","title":{"rendered":"Prisoner\u2019s Dilemma for Oligopolists: Alternative Text"},"content":{"rendered":"<p>The Prisoner&#8217;s Dilemma for Oligopolists: two by two matrix. Top left cell: Both Firm A and Firm B hold down output which results in both Firm A and Firm B getting $1,000 each. Top right cell: Firm A holds down output and Firm B increases output resulting in Firm A getting $200 and Firm B getting $1,500. Bottom left cell: Firm A increases output and Firm B holds down output resulting in Firm A getting $1,500 and Firm B getting $200. Bottom right cell: Both Firm A and Firm B increase output which results in both Firm A and Firm B getting $400 each.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Prisoner&#8217;s Dilemma for Oligopolists: two by two matrix. Top left cell: Both Firm A and Firm B hold down output which results in both Firm A and Firm B getting $1,000 each. Top right cell: Firm A holds down output and Firm B increases output resulting in Firm A getting $200 and Firm B<a class=\"more-tag\" href=\"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/prisoners-dilemma-for-oligopolists-alternative-text\/\"> Read more &raquo;<\/a><\/p>\n","protected":false},"author":169554,"featured_media":0,"parent":0,"menu_order":2,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-9293","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/wp-json\/wp\/v2\/pages\/9293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/wp-json\/wp\/v2\/users\/169554"}],"replies":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/wp-json\/wp\/v2\/comments?post=9293"}],"version-history":[{"count":1,"href":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/wp-json\/wp\/v2\/pages\/9293\/revisions"}],"predecessor-version":[{"id":9296,"href":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/wp-json\/wp\/v2\/pages\/9293\/revisions\/9296"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/wp-json\/wp\/v2\/media?parent=9293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}