In a Prisoners' Dilemma, both players are willing to pay to be forced to cooperate.
Answer the following statement true (T) or false (F)
True
Rationale: Both players prefer the cooperative outcome to the non-cooperative outcome -- they just can't sustain it. Thus, they would be willing to pay to be forced to cooperate.
You might also like to view...
Explain the difference between the marginal rate of substitution and the marginal rate of transformation
What will be an ideal response?
If the bidders at an oral auction have true values of $78, $72, $66, and $65, the item will sell for
a. $78 b. just under $78 c. $72 d. just over $72
Which of the following is an example of a positive externality?
A. traffic congestion B. an increased supply of chocolate lowers chocolate prices for all consumers C. a neighbor's flower garden that you enjoy seeing D. pollution
In which of the following periods did the U.S. experience a serious recession?
A) 1980-81 B) 2008-09 C) 1929-33 D) all of the above