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The oil pricing faces the same impasse as that of the prisoner’s dilemma, where each organization needs to earn profit. In fact, long-term maximization might require unenforced mutual trust, where substantial short-term benefits are realizable only by breaking trust. As a result, the participating groups should have to talk with each other explicitly. None of the groups ought to be selfish and have any future motive that might collapse cooperation. This fact necessitates individuals to...


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