The Prisoner's Dilemma

question 97

Multiple Choice

The prisoner's dilemma:

• A) explains why cartels fail.
• B) describes how producers can lock themselves into a suboptimal outcome by pursuing their own self- interest.
• C) shows a dominant strategy for each of the players.
• D) All of the answers are correct.

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Definitions:

Wt

Commonly an abbreviation for weight, a measure of the heaviness or mass of an object or individual.

Etiology

The study of the causes or origins of diseases or disorders.

Adduct

To move a limb or other body part toward the midline of the body or toward another part of the body.

Middle

The point or position at an equal distance from the sides, edges, or ends of something.