Which of These Must Be TRUE of a Prisoner's Dilemma

question 92

Multiple Choice

Which of these must be TRUE of a prisoner's dilemma outcome?

• A) There exists no other outcome that is better for both players.
• B) There is no opportunity to collude or cooperate to improve both players' payoffs.
• C) It is a Nash equilibrium resulting from each player using its best-response strategies.
• D) Neither player has a dominant strategy in the game.

---

Definitions:

Regulated Market

A market that is controlled or supervised by rules and laws designed to protect consumers and fair competition.

Offeree

The person or party to whom an offer is made in a contract situation.

Mutual Promises

Agreements where both parties commit to perform or refrain from specific actions, forming the basis of a contract.

Enforced

Enforced means to compel compliance or adherence to a law, rule, or obligation, often involving the implementation of measures to ensure that terms or directives are followed.