In the Prisoner's Dilemma,if Both Prisoners Confess,each Will __________; If

question 72

Multiple Choice

In the Prisoner's Dilemma,if both prisoners confess,each will __________; if neither confesses,each will __________.

• A)get a moderate sentence; get a light sentence
• B)get a severe sentence; get a light sentence
• C)get a severe sentence; go free
• D)get a moderate sentence; get a severe sentence

---

Definitions:

Marginal Revenue

Marginal revenue is the additional income generated from selling one more unit of a good or service.

Profit-Maximizing

A method or plan designed to maximize profits from business activities.

Fixed Costs

Expenses that remain constant regardless of the amount of goods produced or sold, including lease payments, wage bills, and insurance fees.

Market Price

The existing rate at which an asset or service is offered for buying or selling.