Recall the Application about the economics professor who caught three students cheating on their final exam to answer the following question(s).Recall the Application. Which of the following facts in the scenario make it a prisoners' dilemma?

A. The student's dominant strategy is to confess.
B. The game is played simultaneously.
C. Each student had two options, confess or not confess.
D. All of these are correct.


Answer: D

Economics

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Demand for science fiction novels is elastic and supply of science fiction novels is inelastic. When the government puts a $2.00 tax on science fiction novels,

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The lack of investment in developing countries is at least in part attributable to:

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About ________ of pharmaceutical patents are issued to U.S. firms

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