The prisoners' dilemma is a game in which A. each firm, in making decisions on the basis of its own self-interest, also makes decisions that benefit the group as a whole. B. the dominant strategy is to cooperate. C. the dominant strategy for all participants is to choose a strategy that makes them all worse off. D. only one of the firms is able to make above-normal profits.

Which of the following is not a potential problem with beta and its estimation? sometimes, during a period when the company is undergoing a change such as toward more leverage or riskier assets, the calculated beta will be drastically different than the "true" or "expected future" beta. the beta of "the market," can change over time, sometimes drastically.

Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers?

Which maxim is being neglected in the following conversation? eli: how did you do at the track meet? caleb: i came in second place! eli: congratulations! what was your time? caleb: six minutes, four seconds. the guy who won only beat me by three seconds. eli: really? katie said the winning time was under 6 minutes. caleb: oh, well, he might have beat me by five seconds. a)maxim of quantity b)maxim of quality c)maxim of relevance d)maxim of manner