Two logging companies are deciding whether or not to cut down a significant portion of a particular forest that both have access too. Both companies understand the environmental consequences of their actions, knowing that they are trading off higher profits for a better outcome from society's point of view. The payoffs facing these companies are given in the table below.
From the table, we know that if Company 2 chooses to cut, Company 1 will choose to _______ the forest. If Company 2 chooses to not cut, Company 1 will choose to _______ the forest.
Definitions:
Unanimous Opinion
A judicial decision where all judges or justices agree on the outcome and reasoning of a case.
Judges
Officials appointed or elected to preside over court proceedings, making legal judgments and decisions.
Justices
Judges of supreme or high courts who hold the authority to interpret and apply the law in the judicial system.
Executive Branch
The branch of government responsible for enforcing laws, headed by the President at the national level or a governor at the state level.
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