What is true about the following payoff matrix? A: not cooperateA: cooperateB: do not cooperateA: 2, B: 2A: 1, B: 3B: cooperateA: 3, B: 1A: 0, B: 0 

A. Only player A has a dominant strategy.
B. Only player B has a dominant strategy.
C. Both player A and player B have dominant strategies.
D. Neither player A nor player B has a dominant strategy.


Answer: C

Economics

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