The prisoners' dilemma illustrates A. why firms have an incentive to cheat on agreements.
B. how oligopolists engage in implicit collusion under strategic situations.
C. how cooperation in strategic situations leads to the economically efficient market outcome.
D. why firms will not cooperate if they behave strategically.

Answers

Answer 1

Answer:

Answer: Option (D) is correct.

Explanation:

Prisoners' dilemma is referred to or known as an example of game theory which tends to illustrates the fact why it is at times difficult to maintain and order cooperation even when it could be mutually highly beneficial. It is described as a situation or game in between two prisoners or players who tend to act or move in self-interest, this can further result or conclude in an inefficient outcome.

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The definition of Health Care Reform Act?

Answers

Health care reform act is an Act delivered by the government that is created to address health's issued which will affected the health care delivery in the given location

In two or three sentences, define an externality and explain how the government makes companies take responsibility for negative externalities.

Answers

Externality is an effect of an industrial or commercial doings that affects other parties without this being reflected in the cost of the goods or services involved, such as the pollination of surrounding crops by bees kept for honey. The government can respond to externalities through command-and-control policies or market-based policies.

Answer:

An externality is an unplanned effect of industrial or commercial doings that affects others without being reflected in the cost of the goods or services involved. An example of this would be the air and water pollination by the company that produces cleaning products; it is an externality of the production prosses of making the cleaning solutions.

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Explanation:

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Answers

A statement like this one would be the work of the "Speaker of the House" in the House of Representatives in the United States, since he or she is in charge of moderating the floor.

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Paine believes that the governments sole purpose is to protect life, liberty, and property.

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Answers

Answer:

The correct answer is : online communication

Explanation:

The disinhibition effect occurs because people lose social restrictions and inhibitions that are presented normally in real-life interactions. This is more common in online conversations because people do not see each other face to face and they feel protected and less vulnerable.

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Answers

In Mississippi, Caucasian voters passed the notorious “Pig Law” of 1876, designed to “control” homeless African Americans

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