Each question uses the same graph$/$table:

$1)$ In Game $2$ there are two players $($A and B$)$ and two strategies, Cooperate $($C$)$ and Defect $($D$).$ The payoffs for each strategy are shown in the payoff matrix above. For these payoffs, larger numbers are better than smaller ones. What type of game is this $($select one$)$:

A$)$Invisible Hand

B$)$Prisoner$$s Dilemma

C$)$Neither of these

$2)$ In Game $2$ there are two players $($A and B$)$ and two strategies, Cooperate $($C$)$ and Defect $($D$).$ The payoffs for each strategy are shown in the payoff matrix above. For these payoffs, larger numbers are better than smaller ones. In Game $2$ above, There are four possible equilibria. These are listed below. If each player acts in their own self$-$interest, which one would occur:

A$)[$Player A Defects, Player B Cooperates$]$

B$)[$Player A Defects, Player B Defects$]?$

C$)[$Player A Cooperates, Player B Cooperates$]$

D$)[$Player A Cooperates, Player B Defects$]$

$3)$In Game $2$ there are two players $($A and B$)$ and two strategies, Cooperate $($C$)$ and Defect $($D$).$ The

payoffs for each strategy are shown in the payoff matrix above. For these payoffs, larger numbers are

better than smaller ones.

In game $2,$ what kind of equilibrium is this $($select one$)?$

A$)$Dominant Strategy Equilibrium

B$)$Nash equilibrium

C$)$Both a Nash and a Dominant Strategy Equilibrium

C$)$No equilibrium