(Appendix) If relative income standing and job safety both matter, then
A)A prisoner dilemma problem may result where optimality requires collusion or a law requiring cooperation
B)A free market environment for choosing both objectives can bring optimality
C)If no legislation occurs workers will be unsafe and less equal in income standing
D)Workers will always be able to find the best suitable job

Question

Quizplus · Accepted Answer

When both relative income standing and job safety matter, individuals may face a prisoner's dilemma where pursuing personal gain leads to suboptimal outcomes, necessitating collusion or legal intervention for optimal results.

(Appendix) If Relative Income Standing and Job Safety Both Matter