The prisoners' dilemma describes a single-play game that features
A) an outcome in which the participants collude.
B) a large number of rivals cooperating with each other.
C) a situation in which one player has better odds than the other.
D) two players who are unable to communicate with each other.
D
Economics
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One intention of deposit insurance is to reduce the danger of
A. excess lending. B. excess profits. C. risky lending. D. bank runs. E. All of these responses are correct.
Economics
A situation in which one firm's actions with respect to price, quality, advertising and related changes may be strategically countered by the reactions of one or more other firms in the industry is known as
A. economies of scale. B. barriers to entry. C. the concentration ratio. D. strategic dependence.
Economics