What is special about the prisoners dilemma game, Microeconomics

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What is special about the prisoners dilemma game

Problem

1. What is a Nash equilibrium? Why would strategies that do not constitute a Nash equilibrium be an unlikely outcome of a game?

2. What is special about the prisoners' dilemma game? Is every game presented in this chapter a prisoners' dilemma?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is special about the prisoners dilemma game

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