In this game table, is the Nash equilibrium a prisoner's dilemma?
A) Yes, it is because the combined payoff for the two firms is lower than another outcome.
B) Yes, it is because at least one of the firms ends up with the lowest possible payoff.
C) No, it is not because at least one firm has achieved its highest possible payoff.
D) No, it is not because both firms played their dominant strategies.
Correct Answer:
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