Question
devise a strategic game for a real-life situation between two players that leads to a prisoner's dilemma because of positional externalities. devise and label the
devise a strategic game for a real-life situation between two players that leads to a prisoner's dilemma because of positional externalities. devise and label the two strategies, and type-in the accompanying payoffs in the matrix that have been appropriately underlined to outline each player's best responses. then describing the real life situation and the details of the game and why the devised payoffs are appropriate. detail each player's best responses in the game, given what the opposing player is doing, describe how the strategies lead to a prisoner's dilemma because of inherent positional externalities embedded within the game.
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