Author Question: In the prisoners' dilemma game, when each player takes the best possible action given the action of ... (Read 97 times)

tuffie

  • Hero Member
  • *****
  • Posts: 534
In the prisoners' dilemma game, when each player takes the best possible action given the action of the other player, ________.
 
  A) a competitive equilibrium is reached
  B) one player denies and one player confesses
  C) both players deny
  D) a Nash equilibrium is reached

Question 2

In the above figure, tax revenue is at a maximum when the tax rate is
 
  A) 0 percent.
  B) 30 percent.
  C) 50 percent.
  D) 100 percent.



cascooper22

  • Sr. Member
  • ****
  • Posts: 312
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

For a complete list of videos, visit our video library