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Scenario 13.7 Consider the Game Below About Funding and Construction of a of a Dam

question 119

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Scenario 13.7
Consider the game below about funding and construction of a dam to protect a 1,000-person town. Contributions to the Dam Fund, once made, cannot be recovered, and all citizens must contribute $1,000 to the dam in order for it to be built. The dam, if built, is worth $70,000 to each citizen. Scenario 13.7 Consider the game below about funding and construction of a dam to protect a 1,000-person town. Contributions to the Dam Fund, once made, cannot be recovered, and all citizens must contribute $1,000 to the dam in order for it to be built. The dam, if built, is worth $70,000 to each citizen.   -Refer to the game in Scenario 13.7. If each player chose a maximin strategy, the outcome would be: A)  $69,000, $69,000. B)  $0, -$1000. C)  -$1000, $0. D)  $0, $0. E)  a mixed strategy equilibrium.
-Refer to the game in Scenario 13.7. If each player chose a maximin strategy, the outcome would be:


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