In the "Prisoners' Dilemma\" game: 0 both players have a dominant strategy not to confess. O onlyr one player has a dominant strategy to confess. 0 both players have a dominant strategy to confess. O neither player has a dominant strategy. Exhibit 15-4 Bonnie's Decision Confess Remain silent Confess Each sentenced to Bonnie sentenced to 20 years Clyde's 8 years in prison Clyde goes free Decision Remain silent Bonnie goes free Each sentenced to Clyde sentenced to 20 years 1 year in prison Refer to Exhibit 15-4. If Bonnie and Clyde could successfully collude regarding their decisions, how much time will each spend in jail? O Bonnie goes free; Clyde gets 20 years O 1 year each O 8 years each O Bonnie gets 20 years; Clyde goes freeWhich of the following characteristics apply to both monopoly and monopolistic competition? 0 Marginal revenue exceeds marginal cost at equilibrium. 0 Average revenue exceeds both marginal cost and marginal revenue at equilibrium. 0 Marginal revenue exceeds average revenue at equilibrium. 0 Marginal revenue and marginal cost are equal and exceed price at equilibrium