Answer based on products or companies. Do not use answers already out there

Game Theory Application

Section 2 introduces the Prisoner's Dilemma as well as an example considering two prisoners and another that features two firms. For this discussion, your task is to:

1. Describe a situation or market, it can be modern or historical, were players experience prisoner's dilemma.
2. Explain how prisoner's dilemma impacted each of the players.
3. Describe how this situation impacted society.