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Explain the basic concept of the prisoner's dilemma.How is the example of the India-Pakistan arms race,as described in the textbook,a real-world example of the prisoner's dilemma?
Premium
The amount paid for an insurance policy or the extra cost above the normal price of a product or service, often associated with higher quality or benefits.
Insurance Companies
Businesses that protect their clients against financial losses from certain specified risks (death, accident, and theft, for example).
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