The Prisoner's Dilemma Is a Situation in Which _____

Multiple Choice

The prisoner's dilemma is a situation in which _____

A) players have difficulty choosing a strategy based on trust.
B) a firm's competitors ignore the firm's action while making their own decisions.
C) oligopolists behave irrationally.
D) oligopolists attempt to maximize sales rather than profits.
E) an oligopolist's demand curve becomes perfectly inelastic.