In the Following Games, All Payoffs Are Listed with the Row

question 57

Multiple Choice

In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second.
-Game 7 is an example of prisoners' dilemma. Thus, the payoff matrix contains jail sentences in terms of months. For this game,

• A)the Nash equilibrium minimizes the total number of months spent in jail for both prisoners.
• B)the Nash equilibrium does not minimize the total number of months spent in jail for both prisoners.
• C)there is no Nash equilibrium.
• D)neither player has a dominant strategy.

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