The prisoner's dilemma:
A) is characterized by several Nash equilibria.
B) yields a Pareto- optimal equilibrium.
C) can be used to model a variety of economic settings.
D) does not have many real- life applications.
Correct Answer:
Verified
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A)combines pure
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A)covers most market situations.
B)cannot yield
Q60: The Nash equilibrium in a prisoner's dilemma
Q61: A Nash equilibrium is:
A)individually rational.
B)collectively rational.
C)irrational.
D)both collectively
Q62: The normal form of the game is:
A)the
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