Which of these is a benefit that results from a prisoner's dilemma outcome?
A) Charging high prices leads to more profits.
B) Charging high prices leads to more customers.
C) Charging low prices leads to fewer customers.
D) Charging low prices leads to more customers.

Question

Quizplus · Accepted Answer

In a prisoner's dilemma, both parties choosing to charge low prices can lead to more customers, as lower prices are more attractive to consumers, even though it might not maximize profits for the businesses involved.

Which of These Is a Benefit That Results from a Prisoner's