The prisoners' dilemma is a game in which
A) the dominant strategy for all participants is the best outcome no matter what the other side does.
B) the dominant strategy is to cooperate.
C) only one of the firms is able to make above-normal profits.
D) each firm, in making decisions on the basis of its own self-interest, also makes decisions that benefit the group as a whole.

Question

Quizplus · Accepted Answer

The dominant strategy in the prisoners' dilemma is for each participant to act in their own self-interest, which leads to an outcome that is not optimal for any of the participants if they had cooperated.

The Prisoners' Dilemma Is a Game in Which