The Prisoners' Dilemma Is So Named Because

question 15

Multiple Choice

The Prisoners' Dilemma is so named because

• A)the Nash equilibrium is one of the worst outcomes for the players.
• B)the game has no Nash equilibrium.
• C)the game is zero-sum.
• D)players end up earning a lighter sentence than the prosecutor would like.

---

Definitions:

Special Journals

Accounting books or ledgers used for recording and categorizing specific types of transactions such as sales, purchases, cash disbursements, and cash receipts in a more efficient manner.

Merchandise Purchase

Transactions involving the buying of goods for resale in the normal course of business.

Cash Payments Journal

A financial journal that records all cash payments made by a business, including expenses, asset purchases, and debt payments.

Accounts Receivable Subsidiary Ledger

A detailed ledger that contains individual customer accounts, tracking the amounts owed by each customer to a business.