单选题 Consider a price fixing agreement between Spain and Italy that restricts cheese production such that maximum economic profit will be realized by both countries. The possible outcomes of the agreement are presented in the table below. Based on the Prisoners' dilemma framework, the most likely strategy followed by the two countries will be:

【正确答案】 C

【答案解析】The solution for the Prisoners' dilemma for each nation is arrived at as follows: Given that Italy complies with the agreement: Spain will get 7 billion if it complies, but 9 billion if it defaults. Therefore Spain should default. Given that Italy defaults: Spain will get 3 billion if it complies, but 5 billion if it defaults. Therefore Spain should default. Because Spain is better off in either case by defaulting, Spain will default. Italy will follow the same logic and reach the same conclusion.