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Author Question: The problem for the prisoners in the prisoners' dilemma game in the above table is that A) the ... (Read 90 times)

Shelles

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on: Jun 29, 2018
The problem for the prisoners in the prisoners' dilemma game in the above table is that
 
  A) the Nash equilibrium is not the best outcome.
  B) there is no equilibrium outcome.
  C) neither prisoner has a workable strategy.
  D) None of the above answers is correct.

Question 2

In which of the following markets are external benefits most likely to exist?
 
  A) in the market for gasoline
  B) in the market for ball pens
  C) in the market for flu shots
  D) in the market for cigarettes


cam1229

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


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