Refer to Game Matrix V. Which of the following values of X and Y result in the only Nash Equilibrium being (No, No) and there also being a Prisoners’ Dilemma?



a. X = 21, Y = 9.

b. X = 19, Y = 11.

c. X = 31, Y = 11.

d. It is not possible for (No, No) to be a Nash Equilibrium and for there to be a Prisoners’ Dilemma.


c. X = 31, Y = 11.

Economics

You might also like to view...

Which of the following is an example of a barter transaction?

A) An individual pays her electric bill with a check. B) An individual pays her electric bill with currency. C) An individual provides three light bulbs to her neighbor in exchange for two gallons of milk. D) An individual deposits three twenty-dollar bills in her checking account.

Economics

In game theory, a strategy

A) is useless, because firms are subject to bounded rationality. B) is useful in static games, but not in dynamic games. C) defines the specific actions a firm will make. D) determines the payoff matrix of the game.

Economics

Which of the following activities would be considered tax avoidance?

a. increasing your level of charitable contributions in December b. selling illegal drugs on the street c. underestimating your income that is subject to taxation d. failure of a waitress to report all tips earned on the job e. buying a house and neglecting to deduct interest payments

Economics

Which of the following is not a macroeconomic statement?

A. Congress increased the minimum wage rate in January. B. Jenny's wage rate rose, and in response, she decided to work more hours. C. The unemployment rate for the United States rose to 5 percent in the last quarter. D. The Federal Reserve lowered interest rates at its last meeting.

Economics