The reason that the prisoner's dilemma presents a dilemma is that:
A)neither player has a comparative advantage,so neither can infer what the other player will choose.
B)the market cannot be in equilibrium because the players do not have dominant strategies.
C)each player has an incentive to play his or her dominant strategy,but when both choose the dominant strategy each player has a lower payoff than he or she would have had if they each had chosen the dominated strategy.
D)each player has an incentive to play his or her dominated strategy,but when both choose the dominated strategy each player has a lower payoff than he or she would have had if they each had chosen the dominant strategy.

Question

Quizplus · Accepted Answer

In the prisoner's dilemma game,if both players play their dominant strategies each earns less than had each played their dominated strategies.But the incentives steer individuals toward playing their dominant strategies.But the incentives steer individuals toward playing their dominant strategies.

The Reason That the Prisoner's Dilemma Presents a Dilemma Is