A game involving two players with two possible strategies is a prisoner's dilemma if each player has a dominant strategy and:

A. each player's payoff is higher when both play their dominant strategy than when both play their dominated strategy.
B. there is a Nash equilibrium that yields the highest payoff for both players.
C. each player's payoff is higher when both play their dominated strategy than when both play their dominant strategy.
D. neither player plays their dominant strategy.


Answer: C

Economics

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Answer the following statement true (T) or false (F)

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Economics