The prisoner's dilemma illustrates how oligopolists engage in implicit collusion under strategic situations. why firms have an incentive to cheat on agreements. why firms will not cooperate if they behave strategically. how cooperation in strategic situations leads to the economically efficient market outcome.

Question 55 ted, a supervisor for jack's pool supplies, was accused of stealing pool supplies and selling them to friends and relatives at reduced prices. given ted's earlier track record, he was not fired immediately. the authorities decided to give him an administrative leave, without pay, until the investigation was complete. in view of the given information, it would be most appropriate to say that ted was: demoted. discharged. suspended. dismissed.