Refer to the above figure. The figure gives the payoff matrix for two individuals who are being accused of robbing a bank together. Which of the following is the outcome of the dominant strategy without cooperation?
A) Both confess.
B) Both don't confess.
C) Bob confesses while Harry does not confess.
D) Harry confesses while Bo does not confess.
A
You might also like to view...
Monetarists believe that the major source of macroeconomic instability lies in
A) the private investment sector and the government sector. B) the government sector. C) private corporations and the government sector. D) export and import sector.
The vertical portion of the aggregate supply curve shows that at full employment an increase in the price level will:
a. not alter the economy's full-employment real GDP. b. increase the economy's full-employment real GDP. c. reduce the quantity of goods and services purchasers will demand. d. improve the overall efficiency of resource use.
Refer to Table 7.1. What is the marginal product of the 3rd worker?
A. 4 units of output
B. 3 units of output
C. 15 units of output
D. 5 units of output
Referring to Figure 1.9, if a point is attainable, it is in 
A. AREA #2 but not on the curve. B. AREA #1 or is on the curve. C. AREA #1 but not on the curve. D. AREA #2 or is on the curve.