In the prisoner's dilemma game:
A. neither player has a dominant strategy.
B. both players have a dominant strategy.
C. only one player will ever have a dominant strategy.
D. All of these may be true in a prisoner's dilemma game.
B. both players have a dominant strategy.
Economics
You might also like to view...
Which of the following was the least prominent crop grown in the colonial U.S.?
a. Tobacco b. Sugar c. Wheat d. Rice
Economics
A monopsonist that faces a labor supply curve of the form l = 4w and has a constant marginal revenue product of 50 per unit of l, will opt for the following, w, l combination:
a. w = 10 l = 40. b. w = 25 l = 100. c. w = 50 l = 200. d. w = 100 l = 400.
Economics