how-does-the-nash-equilibrium-in-an-oligopoly-relate-to-the-prisoners-dilemma

Question

How does the Nash equilibrium in an oligopoly relate to the prisoner's dilemma?

Accepted Answer

Both involve a situation where individual rationality leads to a worse collective outcome.

Answer

Both involve a situation where no strategy is dominant.

Answer

Both involve a situation where individual rationality leads to the best collective outcome.

Answer

Both involve a situation where cooperation leads to the worst possible outcome.