The payoff matrix in a prisoner’s dilemma game is shown. Each player can choose Chemical fertiliser (C) or Organic manure (O). Read the following statements and select the correct one.
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Question

The payoff matrix in a prisoner’s dilemma game is shown. Each player can choose Chemical fertiliser (C) or Organic manure (O). Read the following statements and select the correct one.

Accepted Answer

(O, O) Pareto dominates (C, C).

Answer

There are three Pareto-efficient allocations in this game and (C, O) is the best among them.

Answer

(C, C) is the dominant strategy equilibrium and is Pareto efficient.

Answer

(O, O) is Pareto-dominated by (C, O), and (O, C).

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The payoff matrix in a prisoner’s dilemma game is shown. Each player can choose ...

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