The equilibrium arrived at in the prisoner's dilemma game is a:
A)Nash equilibrium.
B)Bertrand equilibrium.
C)collusive equilibrium.
D)Cournot equilibrium.

Question

Quizplus · Accepted Answer

The equilibrium in the prisoner's dilemma game is a Nash equilibrium, which occurs when both players choose their best strategy given their opponent's choice. In this game, both players have a dominant strategy of defecting, which leads to the outcome of both players receiving a worse payoff than they would if they both cooperated. Therefore, the Nash equilibrium in this game is both players defecting.

The Equilibrium Arrived at in the Prisoner's Dilemma Game Is