In the "Prisoners' Dilemma" game:
a. prisoners are able to collude with one another
b. prisoners are unable to communicate with one another.
c. the Nash equilibrium results in prisoners serving the smallest combined prison term.
d. the Nash equilibrium results in one prisoner confessing, while the other does not.
b
You might also like to view...
Net exports of goods and services increase when
A) exports of goods and services decrease and imports of goods and services do not change. B) consumption expenditure increases. C) exports of goods and services increase and imports of goods and services do not change. D) consumption expenditure decreases. E) imports of goods and services increase and exports of goods and services do not change.
Suppose we switch the base year from 2000 to 2008. This change in the base year will cause
A) nominal GDP in every year to increase. B) nominal GDP in every year to decrease. C) both nominal and real GDP in every year to decrease. D) real GDP in every year to decrease. E) none of the above