Multiple Choice
Laurel and Jana are competitors in a local market and each is trying to decide if it is worthwhile to advertise.If both of them advertise,each will earn a profit of $5000.If neither of them advertises,each will earn a profit of $10,000.If one advertises and the other doesn't,then the one who advertises will earn a profit of $12,000 and the other will earn $2000.In this version of the prisoner's dilemma,if the game is played only once,what should Laurel do
And what should she do if the game is repeated many times
A) advertise, but if the game is to be repeated many times she should probably not advertise
B) advertise, and if the game is to be repeated many times she should still probably advertise
C) not advertise, but if the game is to be repeated many times she should probably advertise
D) not advertise, and if the game is to be repeated many times she should still not advertise
Correct Answer:

Verified
Correct Answer:
Verified
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