Ask Question
BusinessBusiness
6 September, 10:15

The prisoner's dilemma reveals that A. sometimes when individuals act independently in their own self-interest, everyone is worse off than if they had cooperated. B. nonprice competition is more profitable than price competition. C. collusive agreements will always fail. D. the price leadership model does not work.

+3
Answers (1)
  1. 6 September, 14:04
    0
    Answer: sometimes when individuals act independently in their own self-interest, everyone is worse off than if they had cooperated (A)

    Explanation:

    The prisoner's dilemma is an example of a game which is analyzed in game theory which shows that two completely rational individuals may not cooperate, even though it will have been in their best interest to cooperate.

    In Prisoner's dilemma, when individuals act independently sometimes in their own self-interest, it makes everyone worse off than when they could have cooperated.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The prisoner's dilemma reveals that A. sometimes when individuals act independently in their own self-interest, everyone is worse off than ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which example is a fixed expense? entertainment groceries electricity car payment
Answers (1)
ack and Jackie had been living together in Kansas for about a year. Jack wanted to marry Jackie, so he bought a $10,000 engagement ring and romantically gave it to her when they went out to dinner.
Answers (1)
Structural unemployment Multiple Choice is also known as frictional unemployment. is the main component of cyclical unemployment. is said to occur when people are waiting to be called back to previous jobs.
Answers (1)
Escents, a body lotion manufacturer from Canada, negotiated a contract with a shea butter company in Mali, Africa, to supply 40% of the needed shea butter for its products.
Answers (1)
On January 22, Zentric Corporation issued for cash 160,000 shares of no-par common stock at $8. On February 14, Zentric issued at par value 45,000 shares of preferred 2% stock, $50 par for cash.
Answers (1)
New Questions in Business
Under the current law on nutrition labeling, a food manufacturer must provide nutrition facts label listing:
Answers (1)
Which one of the following would not be a reason for using acceptance sampling? A) boredom and fatigue that would accompany complete B) inspection destructive testing large number of items C) low cost of passing defectives D) high cost of passing
Answers (1)
Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $47000.
Answers (1)
A question beginning with "how" or "why" is usually what type of research question?
Answers (2)
Which type of organization uses the form 1065 and schedule k-1?
Answers (1)
Home » Business » The prisoner's dilemma reveals that A. sometimes when individuals act independently in their own self-interest, everyone is worse off than if they had cooperated. B. nonprice competition is more profitable than price competition. C.
Sign Up Forgot Password?