Welcome to the Q&A for ECN/APEC 2010, where you can ask questions and receive answers from your fellow students, the TA, and your professor.

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Welcome to the Q&A for ECN/APEC 2010, where you can ask questions and receive answers from your fellow students, the TA, and your professor.

Please only ask questions about the material for the course. Try to create discussions about the material we see in class, instead of just thinking of economics in general (this is an introduction to microeconomics class, not a policy or government class).

For questions and discussions about course organization or other course related topics, come see us after class or during office hours.

Feel free to discuss quiz questions on the Q&A, but do not provide direct answers to quiz questions before the quiz's due date.

practice quiz 15

0 votes
7 views
On the practice quiz, I'm confused on the guestion, "In the prisoner's dilemma, a dominant strategy is..." I thought the correct answer was "always exists". What is the correct answer?
asked Apr 30 by canvas-ff0a5d8c6a5bb (196 points)

1 Answer

0 votes
I think it only exists when there is a price control in effect.
answered Apr 30 by canvas-cfd39ce1a6b2d (140 points)
Thank you! I read more about it and now that makes total sense to me :)
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