The prisoners' dilemma is a tool of social analysis, and it shows why
A) individuals sometimes behave in ways inconsistent with their own best interest.
B) judges sometimes hand down sentences heavier or lighter than the law recommends.
C) people who break the law and are caught are behaving irrationally.
D) people who break the law and are caught are behaving rationally.
E) societies sometimes produce situations no member of the society wants.
E
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Under a capitalist economic system,
a. the state owns all or most of the resources b. people are forced to work for a living c. resources are privately owned d. the government determines the allocation of resources e. prices eventually become unnecessary
When firms enter a market, the supply increases and price:
A. falls and profits increase. B. increases and profits decrease. C. falls and profits decrease. D. increases and profits increase.