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Business is a game of strategy in social science. It is a business game which emphasizes the superiority of cooperation and collaboration over conflict and competition. It is used to illustrate ideas in politics, business, international relations, and in other fields. In economics, advertising is sometimes cited as a real life example of prisoners’ dilemma. Prisoners’ dilemma shows that cooperation can be sometimes difficult to maintain even when the parties involved would be in a better position if the opt for cooperation. It is an important decision-making process which involves lots of theories and formulae. To evaluate this you can take the help of the experts at 24x7assignmenthelp.com.
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