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Sure it’s a prisoner’s dilemma. If everyone charges 20$ then everyone gets to charge 20$ but as soon as someone uses 19.99 everyone is stuck charging 19.99. It
by Retric 2y ago
Sure it’s a prisoner’s dilemma. If everyone charges 20$ then everyone gets to charge 20$ but as soon as someone uses 19.99 everyone is stuck charging 19.99.
It also implies a rather large economic inefficiency where companies don’t charge 13.27$ because people don’t pay enough attention for it to matter.