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The (cooperate, cooperate) outcome in a Prisoners Dilemma: a) is not socially optimal b) is not an equilibrium c) is an efficient equilibrium d) minimizes

The (cooperate, cooperate) outcome in a Prisoner’s Dilemma:

a) is not socially optimal

b) is not an equilibrium

c) is an efficient equilibrium

d) minimizes the total payoff.

e) is an inefficient equilibrium

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