In game theory, a prisoner's dilemma is interesting because:
A) Individually, each player's best strategy leads to the worst results for the players as a whole.
B) A player's strategy is determined by the strategy of the other player.
C) A player's strategy is a single, unique Nash equilibrium.
D) A player's strategy is independent of the choice made by his/her opponent. That is, each player has a dominant strategy.
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A) Reduces deadweight loss.
B) Creates mutually-beneficial
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A) One seller of an output.
B)
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A) Natural monopoly.
B)
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