Question

Rice-to-riches and rice pudding palace are two shops of similar size that sell rice pudding desserts. both shops frequently offer "buy one, get one free" specials in an attempt to steal the other store's customers. but because both shops offer the same deal, they both end up losing money. this type of situation is best described as a ___ game. prisoners' dilemma chicken leadership sequential submit

Answer 1

Prisoner's Dilemma

Step-by-step explanation:

Prisoner's dilemma is a situation where 2 otherwise rational individuals refuse to cooperate even if it would be in their best interests to do so.