Prisoners' Dilemma Describes a Case Where

question 10

Multiple Choice

Prisoners' dilemma describes a case where

• A)collusion of the participants leads to the best solution from their point of view.
• B)competition among a large number of firms leads to lower overall profit.
• C)one prisoner has no chance to be acquitted since there is no other prisoner to support his testimony.
• D)a prisoner has no incentive to confess to his crime,and stands a greater chance of not going to prison.
• E)the outcome is a dominant-strategy equilibrium.

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Definitions:

Public Official

An individual holding a position of authority or service in government, serving the public’s interest.

Federal Statute

A law enacted by the national government of the United States, which applies across the entire country, superseding state laws when in conflict.

Criminal Liability

The conditions under which an individual or entity can be held legally responsible for actions classified as crimes by law.

Prosecutor

A lawyer who manages the prosecution of the defendant in criminal proceedings.