Author Question: The solution in the prisoner's dilemma is called the a. loss minimizing solution b. profit ... (Read 59 times)

mwit1967 · **on:** Jun 30, 2018

The solution in the prisoner's dilemma is called the
a. loss minimizing solution
b. profit maximizing equilibrium
c. dominant-strategy equilibrium
d. revenue maximizing equilibrium
e. marginal revenue solution

Question 2

Property rights can be defined and enforced
a. only by the government
b. only by ethical norms
c. by the government and by ethical norms
d. only through constant renegotiation
e. by government, by informal social actions, and by ethical norms