Solved

The Reason That the Prisoner's Dilemma Presents a Dilemma Is

Question 44

Multiple Choice

The reason that the prisoner's dilemma presents a dilemma is that:


A) neither player has a comparative advantage, so neither can infer what the other player will choose.
B) the market cannot be in equilibrium because the players do not have dominant strategies.
C) each player has an incentive to play his or her dominant strategy, but when both choose the dominant strategy each player has a lower payoff than if they both had chosen the dominated strategy.
D) each player has an incentive to play his or her dominated strategy, but when both choose the dominated strategy each player has a lower payoff than if they both had chosen the dominant strategy.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions