Consider a Game in Which Each of Three Men Is

question 77

Multiple Choice

Consider a game in which each of three men is given $20. All three must secretly decide whether they will contribute any part of their $20 to a trust fund. At the end of the game, each player will receive 40% of the total money contributed to the trust fund, in addition to any of the remaining $20 that he is holding. If the first two players contribute $20 to the trust fund, the third player should contribute $_____ to maximize his individual earnings at the end of the game.

• A) 24
• B) 20
• C) 8
• D) 0

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Definitions:

Grocery Store

A retail establishment that sells food and other household goods.

Liquor

Alcoholic beverages that are distilled rather than fermented, resulting in a higher alcohol content.

Food Desert

Areas with limited access to affordable and nutritious food, often found in urban and rural low-income neighborhoods.

Corner Store

A small retail outlet, often found in urban areas or neighborhoods, that stocks a range of everyday items such as groceries, snacks, and household goods.