AS a result of the war in Ukraine, global oil prices have increased substantially in the past 2 months, resulting in significant strains on the pockets of many persons. Amidst the rising prices, a...

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Extracted text: AS a result of the war in Ukraine, global oil prices have increased substantially in the past 2 months, resulting in significant strains on the pockets of many persons. Amidst the rising prices, a single gas station reduce its prices to capture market share. This decrease in price is swiftly matched by competitors. Are these actions considered reflective of a cooperative game? What is the likely outcome if such a pattern continues to occur?