The table above shows the payoff matrix for a prisoners' dilemma. In the Nash equilibrium
A) both prisoners get 3 years in jail.
B) both prisoners get 2 years in jail.
C) both prisoners get 1 year in jail.
D) both prisoners get 10 years in jail.
A
Economics
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States in the international arena have the right to cite international law and then take justice into their own hands. This is called
a. blended enforcement. b. self-enforcement. c. diplomatic pressure. d. economic sanction.
Economics
_____________is the extra output or change in the total product caused by the addition of one more unit of variable output.
Fill in the blank(s) with the appropriate word(s).
Economics