Which of the following statements about the prisoner's dilemma is false?

A) The prisoner's dilemma game can never reach a Nash equilibrium as long as players do not cooperate.
B) The prisoner's dilemma in a one-shot game leads to a noncooperative, equilibrium outcome.
C) The prisoner's dilemma in repeated games could lead to cooperation especially if there is some enforcement mechanism that punishes a player who does not cooperate.
D) Players caught in a prisoner's dilemma act in selfish ways that lead to an equilibrium that is sub-optimal.

A

Economics

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What is the average cost of producing three units?

a. $200 b. $100 c. $50 d. $70

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One reason that helps to explain the law of supply is the law of

A) diminishing marginal utility. B) diminishing marginal returns. C) decreasing opportunity costs. D) demand.

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