It is individually irrational for players to cooperate in the prisoner's dilemma game because cooperation is not the dominant strategy.
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Q32: If duopolists individually pursue their own self-interest
Q33: In the prisoners' dilemma game, each player
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Q35: One economic example of prisoner's dilemma is
Q36: In a prisoners' dilemma, cooperation between the
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Q41: Table 16-1
The table below shows the
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