The table above shows the payoff matrix for a prisoners' dilemma. In the Nash equilibrium
A) both prisoners get 3 years in jail.
B) both prisoners get 2 years in jail.
C) both prisoners get 1 year in jail.
D) both prisoners get 10 years in jail.
A
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The marginal propensity to consume is 0.75, marginal propensity to invest is 0.3, and the marginal propensity to import is 0.2. What is the size of the multiplier?
A) 6.67 B) 5.67 C) 4.67 D) 1.67
You would expect that your firm is experiencing a constant returns to scale if
a. Long run average costs increase with output b. Long run average costs decrease with output c. Long run average costs are constant with respect to output d. None of the above
The predominant liability item for most banks is: a. deposits
b. bonds. c. loans. d. federal cash reserves.
Compared to regulations, corrective taxes on pollution ______.
a. provide less incentive to reduce pollution b. provide little benefit to the public c. create a higher level of efficiency d. create higher numbers of negative externalities