If the Prisoners' Dilemma is repeated over and over again with ...

[asd123]

If the Prisoners' Dilemma is repeated over and over again with the same two players having an indefinite time horizon,
 a. the unique equilibrium is to play the Nash equilibrium of Rat each period.
  b. players can cooperate on Silent if they are not too patient.
  c. players can cooperate on Silent if they are patient enough.
  d. players can only cooperate on Silent in the initial stages of the game.

Question 2

One lesson that American policy makers can learn from the health care systems of other counties is
 a. people must be willing to accept long waiting lists for expensive services.
  b. a government-run system ensures equal access across socio-economic groups.
  c. the importance of having a safety valve.
  d. the mix between general practitioners and specialists is of little importance.
  e. private insurance cannot complement government insurance.

[Bigfoot1984]

Answer to Question 1

c

Answer to Question 2

C

[asd123]

Great answer, keep it coming

[chjcharjto14]

Thanks for the timely response, appreciate it