Ask Question
BusinessBusiness
25 December, 07:46

The simplest prisoners' dilemma is a game that, in part, requires

A) Two players who are able to communicate with each other.

B) Two players who are unable to communicate with each other.

C) Monopolistic competition.

D) An oligopoly with one very large firm.

+4
Answers (1)
  1. 25 December, 07:52
    0
    Answer to your question is: B) Two players who are unable to communicate with each other.

    Explanation:

    Prisoner's dilemma is a scenario in which two completely rational individuals/companies might not cooperate, even if it appears that it is in their best interests to do so.

    For the Prisoner's dilemma to be true, both persons/companies should not be able to communicate with each other otherwise they will collude and reach mutual best interest.

    Other option explanation:

    So your option A is totally against the assumption of Prisoner's dilemma.

    Option C says Monopolistic competition. In case of Prisoner's dilemma there are 2 equal players and no monopoly so this option is also not correct

    Option D says oligopoly with one very large firm. This is also wrong as Oligopoly with one very large firm will have several smaller other players and Prisoner's dilemma work between only 2 players.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The simplest prisoners' dilemma is a game that, in part, requires A) Two players who are able to communicate with each other. B) Two ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Where must all laws dealing with money originate why?
Answers (1)
Pure economic rent is: a. The payment to factors whose supply is perfectly inelastic. b. Economic profits. a payment made to land. c. The payment to factors owned by entrepreneurs. d. The payment to factors whose supply is perfectly elastic.
Answers (1)
Ted Riley owns a Lexus worth $40,000. He owns a home worth $275,000. He has a checking account with $800 in it and a savings account with $1,900 in it. He has a mutual fund worth $110,000. His personal assets are worth $90,000.
Answers (1)
To conduct a preelection opinion poll on a proposed amendment to the state constitution, a random sample of 10 telephone prefixes (first three digits of the phone number) was selected, and all households from the phone prefixes selected were called.
Answers (1)
Five productive activities where division of labour is not needed
Answers (1)
New Questions in Business
Hornberger, Inc. recently paid a dividend of $2.00 per share. The next dividend is expected to be $2.05 per share. Hornberger has a return on equity of 11.00%. What percentage of its earnings does Hornberger plow back into the firm?
Answers (1)
A tip of $10 is best for which kind of service? A. a mover who delivers furniture to your new home B. a valet who parks your car at a restaurant C. a waiter at a fast-food restaurant
Answers (2)
Sunland Company manufactures and sells high-priced motorcycles. The Engine Division produces and sells engines to other motorcycle companies and internally to the Production Division.
Answers (1)
Adamson Company manufactures four lines of garden tools. As a result of an activity analysis, the accounting department has identified eight activity cost pools.
Answers (1)
Compute the 2019 Federal income tax liability and the marginal and effective tax rates in each of the following independent cases. Click here to access the 2019 tax rate schedule. If required, round the tax liability the nearest dollar.
Answers (1)
Home » Business » The simplest prisoners' dilemma is a game that, in part, requires A) Two players who are able to communicate with each other. B) Two players who are unable to communicate with each other. C) Monopolistic competition.
Sign Up Forgot Password?