The prisoners' dilemma provides insights into the
A)difficulty of maintaining cooperation.
B)benefits of avoiding cooperation.
C)benefits of government ownership of monopoly.
D)ease with which oligopoly firms maintain high prices.

Question

Quizplus · Accepted Answer

The prisoners' dilemma is a game theory concept that demonstrates how two parties may not cooperate with each other even if it is in both of their best interests to do so. This highlights the difficulty of maintaining cooperation, as each party may prioritize their own self-interest over the potential mutual benefit.

The Prisoners' Dilemma Provides Insights into the