[Solved] A prisoners’ dilemma is a game with all of the following characteristics except one. Which one is present in a prisoners’ dilemma?

McqMate

Q.	A prisoners’ dilemma is a game with all of the following characteristics except one. Which one is present in a prisoners’ dilemma?
A.	players cooperate in arriving at their strategies
B.	both players have a dominant strategy
C.	both players would be better off if neither chose their dominant strategy
D.	the payoff from a strategy depends on the choice made by the other player
Answer» A. players cooperate in arriving at their strategies

759

0

Do you find this helpful?

7

View all MCQs in

MicroEconomics, Theory and Applications 1

Discussion

No comments yet

Related MCQs

Which of the following legal restrictions, if enforced effectively, would be likely to solve a prisoners’ dilemma type of problem for the firms involved?
Until recently, medical doctors and lawyers have been prohibited from engaging in competitive advertising. If the prisoners’ dilemma applies to this situation, then the presence of this restriction would be likely to
Which one of the following is a part of every game theory model?
In game theory, a situation in which one firm can gain only what another firm loses is called a
Which of the following is an example of a game theory strategy?
Which of the following is a nonzero-sum game?
Which of the following is a zero-sum game?
In Game Theory:
A model of Game Theory of oligopoly is known as the:
In game theory, a choice that is optimal for a firm no matter what its competitors do is referred to as