The table above displays the possible outcomes for Bob and Joe, who have been arrested for armed robbery and car theft. Which of the following is TRUE?
A) If Joe confesses, Bob should not confess.
B) If Bob confesses, Joe should confess.
C) The dominant equilibrium is that Joe and Bob both serve 2 years.
D) If Joe does not confess, Bob should not confess.
B
Economics
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The income elasticity of demand for vacations is 5. If incomes increase by 3 percent next year, the quantity of vacations demanded at today's price will increase by ________ percent
A) 3 B) 5/3 C) 15 D) 5
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One goal of rate-of-return regulation is the prevention of
A. free market entry. B. environmental degradation. C. positive economic profits. D. poor quality service.
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