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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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