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We Know That People Tend to Overuse Common Resources

Question 121

Multiple Choice

We know that people tend to overuse common resources. This problem can be viewed as an example of


A) a game in which the players succeed in reaching the cooperative outcome.
B) the prisoners' dilemma.
C) a situation to which game theory does not apply because of a lack of strategic thinking.
D) a situation to which game theory does not apply because of too many decision-makers.

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