The Prisoner's Dilemma Illustrates a Situation in Which

Multiple Choice

The prisoner's dilemma illustrates a situation in which:

A) neither player has a dominant strategy,hence at equilibrium both are better off.
B) the Nash equilibrium is superior to the dominant-strategy equilibrium.
C) each oligopolist behaves as if it were a perfectly competitive firm.
D) each player pursuing his/her self-interest generates a collective outcome that is inferior for both.