2. Consider the payoff matrices shown to the right. Firm 1 and Firm 2 each have two possible strategies: X or Y . Payoffs are profits. Which of these games is the "oligopolist's dilemma" in which the dominant strategy in one time play is not to collude?
  1. I.
  2. II.
  3. III.
  4. IV.
  5. V.

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