Which of the following is true of a prisoners' dilemma game?
A) A prisoners' dilemma game has multiple Nash equilibria.
B) There is no dominant strategy equilibrium in a prisoners' dilemma game.
C) The dominant strategy equilibrium in a prisoners' dilemma game is also the Nash equilibrium.
D) The prisoners' dilemma game is an extensive-form game.
C
You might also like to view...
Agriculture is the primary occupation in Agraria and agricultural products account for two-thirds of Agraria's gross domestic product
How will a sharp fall in the price of agricultural products affect Agraria's economy if the demand for such products is price-inelastic?
Ed is a freelance writer who could work for a newspaper at $25,000 a year but instead works for himself for $41,000 a year. His only business expenses are $1,000 for writing materials and $12,000 for rent. Ed's normal profit is $1,000
Ed's economic profit from working as a freelance writer is A) $1,000. B) $2,000. C) $15,000. D) $25,000.