When the prisoners' dilemma game is generalized to describe situations other than those that literally involve two prisoners, we see that cooperation between the players of the game
a. can be difficult to maintain, but only when cooperation would make at least one of the players of the game worse off.
b. can be difficult to maintain, even when cooperation would make both players of the game better off.
c. always works to the benefit of society as a whole.
d. always works to the detriment of society as a whole.
b
Economics
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Discouraged workers ________ counted as officially unemployed because they ________
A) are; are not working B) are; are still in the labor force C) are not; are not qualified to work D) are not; are not actively seeking work
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Describe two useful purposes served by speculators in derivatives markets
What will be an ideal response?
Economics