The outcome of a prisoners' dilemma game with a Nash equilibrium is that ________
A) both players deny
B) one player denies and one player confesses
C) both players confess
D) there is no equilibrium
C
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Arbitrage
A) is the act of buying an item at a low price and reselling the item at a higher price. B) is the act of selling an item on consignment and collecting a huge portion of the proceeds to compensate for the seller's time. C) is any act of buying and selling that results in the seller earning an above normal profit. D) is the act of buying an item at a low price, bundling it with another and selling the new package at a much higher price.
Political and social desires to increase the "quality of life" in the U.S. led to an increase in the federal funding of public libraries, television and radio as well as increases and broadened uses of federal lands, waters and parks
Indicate whether the statement is true or false