Suppose that Rich and Sheri each own the two largest helicopter tour companies at the Grand Canyon. If each uses a pricing strategy that leads to a prisoner’s dilemma, what would be the result? a) Both Rich and Sheri would earn higher profits. b) Rich and Sheri would be better off by not cooperating with each other. c) Tourists would end up paying a lot more for helicopter tours. d) Tourists would end up receiving great deals for helicopter tours.
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Home » Business » Suppose that Rich and Sheri each own the two largest helicopter tour companies at the Grand Canyon. If each uses a pricing strategy that leads to a prisoner’s dilemma, what would be the result? a) Both Rich and Sheri would earn higher profits.