The reason both prisoners confess in the prisoner's dilemma game is that
A) the option of both confessing yields the most desirable result for the prisoners.
B) criminals are not intelligent enough to know their best interests.
C) they each serve the least amount of time if they confess.
D) confession is the best option given either choice of the other prisoner.
E) decisions in real life are based on society's best interests.
Correct Answer:
Verified
Q99: Exhibit 11-3 Q100: How is monopolistic competition like competition on Q101: Which of the following statements about oligopoly Q102: Game theory is often used to explain Q103: Strategic behavior occurs in monopolistic competition. Q105: A Nash equilibrium occurs when
A)supply equals demand.
B)no
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