Question: Answer based on products or companies. Do not use answers already out there Game Theory Application Section 2 introduces the Prisoner's Dilemma as well as

Answer based on products or companies. Do not use answers already out there

Game Theory Application

Section 2 introduces the Prisoner's Dilemma as well as an example considering two prisoners and another that features two firms. For this discussion, your task is to:

Describe a situation or market, it can be modern or historical, were players experience prisoner's dilemma.
Explain how prisoner's dilemma impacted each of the players.
Describe how this situation impacted society.

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