What is the conclusion in the prisoners' dilemma?
A) Firms should not enter a legal duopoly.
B) Two prisoners acting in their own best interest harm their joint interest.
C) There is no Nash equilibrium available to the prisoners.
D) Prisoners do not act interdependently.
E) Duopolies almost always reach their best outcome.
B
Economics
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When banks use the money they receive from deposits to make loans, they:
A. decrease the money supply through open market operations. B. increase the money supply through open market operations. C. increase the money supply through the money multiplier. D. decrease the money supply through the money multiplier.
Economics
Refer to the scenario above. The future value of the initial deposit after one year is:
A) $300. B) $1,000. C) $1,300. D) $2,300.
Economics