A prisoner's dilemma is a game in which:
A. one player has a dominant strategy and the other does not.
B. the players' payoffs are larger when both play their dominant strategy compared to when both play a dominated strategy.
C. the players' payoffs are smaller when both play their dominant strategy compared to when both play a dominated strategy.
D. neither player has a dominant strategy.
Ans: C. the players' payoffs are smaller when both play their dominant strategy compared to when both play a dominated strategy.
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