Ben and Sam Are Competing for the Remaining Spot on the National

question 122

Multiple Choice

Ben and Sam are competing for the remaining spot on the national swim team.If one of these two swimmers hires a personal trainer,that swimmer will win the spot.If both swimmers hire a personal trainer,they have a 50% chance of winning the place on the team;if neither swimmer hires a personal trainer,they still have a 50% chance of winning the place.The table below shows the payoff matrix facing the swimmers.Whoever makes the team will earn $100,000 next year from product endorsements.
-Refer to the information above.As a result of the positional externality in this game,

• A) both swimmers are worse off.
• B) Ben is better off,but Sam is worse off.
• C) Sam is better off,but Ben is worse off.
• D) both swimmers are better off.
• E) both swimmers are neither worse off nor better off.

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Definitions:

Ritual Prohibitions

Rules or taboos within a culture or religion that restrict certain actions or behaviors as part of ritual practices.

Culturally Prescribed Avoidances

Specific prohibitions or restrictions that are imposed by a culture on the behavior of its members, often for religious, moral, or social reasons.

Taboos

Cultural prohibitions or restrictions on certain actions, topics, or substances, based on societal norms and values.

Foraging Society

Communities or societies that rely primarily on hunting, fishing, and gathering wild food resources for their subsistence rather than cultivating crops or domesticating animals.