Two actors facing a coordination problem are:
A)unlikely to find a mutually acceptable solution to the problem.
B)likely to find a mutually acceptable solution only if one actor has more power than the other.
C)likely to find an acceptable solution that is much more beneficial for one actor than for the other.
D)likely to find a mutually acceptable solution that is difficult to enforce.
E)likely to find a mutually acceptable solution that requires little enforcement.

Question

Quizplus · Accepted Answer

Coordination problems arise when two or more actors need to coordinate their actions to achieve a mutually beneficial outcome. In such cases, actors are likely to find a mutually acceptable solution that requires little enforcement, as it is in the interest of all parties involved to coordinate their actions for mutual gain. This may involve establishing norms, rules, or procedures that facilitate coordination, but such agreements are typically self-enforcing and do not require external enforcement mechanisms. Therefore, option E is the best choice.

Two Actors Facing a Coordination Problem Are