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This sounds like a classic prisoners dilemma. If the business owners would both raise both wages and prices, all would thrive.
by navane 5y ago
This sounds like a classic prisoners dilemma. If the business owners would both raise both wages and prices, all would thrive.
- bryanrasmussen 5y agoexactly, but unfortunately the way to get out of a prisoner's dilemma situation is to communicate with the other prisoners and to trust each other - communication about prices is illegal and who trusts their competitor anyway?