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Illustrate Dominant Strategy

The dominant strategies in this payoff matrix are for: (w) neither Venezuela nor Indonesia to cheat, thus ensuring that each gets $8 billion profit. (x) both Venezuela and Indonesia to cheat, so receiving $5 billion profit each. (y) the greatest payoff for each country to be realized. (z) Indonesia to not cheat, therefore this earns $8 billion profit, although Venezuela will cheat, as well as earn only a $5 billion profit.

703_Prisoners’ Dilemma.png

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