Suppose Firm A and Firm B are considering whether to invest in a new production technology. For each firm, the payoff to investing (given in thousands of dollars per day) depends upon whether the other firm invests, as shown in the payoff matrix below. Is this game a prisoner's dilemma?

A. No.
B. Yes.
C. It cannot be determined.
D. Only when both Firm A and Firm B invest.

Answer: A

Economics

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Indicate whether the statement is true or false

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Which of the following will result in a leftward shift of the market supply curve for labor?

a. an increase in immigration b. a decrease in labor productivity c. an increase in the working-age population d. an increase in nonwage income

Economics