Explain why a military arms race is an example of a prisoner's dilemma.

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Principles of Economics

ISBN: 978-0073511405

5th edition

Authors: Robert Frank, Ben Bernanke

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Question Posted: Dec 12, 2015 04:30 AM

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Explain why a military arms race is an example of a prisoner's dilemma.

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Each contestant in a military arms race faces a choice between maintaining the current level of s...View the full answer

Principles of Economics

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