Refer to Table 14.3. The result of this game is a prisoners' dilemma. In which of the following cases is it most likely that the firms will be able to overcome the prisoners' dilemma?

A) repeated play
B) a single interaction
C) when both firms follow a maximin strategy
D) government intervention

Prisoners' Dilemma

A situation in game theory in which two individuals acting in their own self-interest do not produce the optimal outcome for either party.

Repeated Play

This refers to a situation in game theory where a game is played multiple times by the same participants, allowing for strategies that consider past outcomes.

Government Intervention

Actions taken by a government to affect the economy, which can include regulations, subsidies, tariffs, and direct provisioning of goods.