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Author Question: The prisoners' dilemma refers to a situation where firms choose to co-operate to avoid the Nash equilibrium. (Read 60 times)

Mr. Wonderful

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on: May 25, 2020

Question 1

A Nash Equilibrium is a situation where everyone makes an optimal decision based upon their assumptions about their rivals' decisions.
◦ true
◦ false

Question 2

The prisoners' dilemma refers to a situation where firms choose to co-operate to avoid the Nash equilibrium.
◦ true
◦ false
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by Mr. Wonderful on May 25, 2020

bigcheese9

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Mr. Wonderful

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Reply 2 on: May 25, 2020
Excellent

laurnthompson

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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