« previous next »

Author Question: In the prisoners' dilemma game, when each player takes the best possible action given the action of ... (Read 91 times)

tuffie

  • Hero Member
  • *****
  • Posts: 534
on: Jun 29, 2018
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
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Inventors Dilemma Inventors Dilemma
Mechanism of Action of Lipid-Lowering Drugs Mechanism of Action of Lipid-Lowering Drugs
Brachiation in Action Brachiation in Action
Characteristics of a Neuron at Rest and During the Different Phases of an Action Potential Characteristics of a Neuron at Rest and During the Different Phases of an Action Potential
Mechanisms of action of antidepressants: (a) In adrenergic and serotonergic neurons the activity of ... Mechanisms of action of antidepressants: (a) In adrenergic and serotonergic neurons the activity of ...
Action Potentials Action Potentials
Video: Cellular defenses (natural killer cells, phagocyte types & process of phagocytosis)

For a complete list of videos, visit our video library