In the context of Prisoner's dilemma, which one of the following is correct?
A. rational choices can lead to bad outcomes
B. rational choices can lead to good outcomes
C. cooperation can lead to sub-optimal results
D. none of the above
Answer: Option A
Related Questions on Managerial Economics
The emphasis of managerial economics is on
A. Bonus theory
B. Normative theory
C. System theory
D. Accounting theory
Which is not the subject of Managerial Economics?
A. Accounting Theory
B. Pricing Decision, Policies and Practices
C. Capital Management
D. Profit Management
Which is not covered under the scope of managerial economics?
A. Profit management
B. Accounting theory
C. Pricing policies
D. Production analysis

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