My value for an air-conditioner in my office is $100. My office-mate is willing to pay $80 for an air-conditioner. If the air-conditioner costs $150, Select an answer and submit. For keyboard navigation, use the up/down arow keys to select an answer. a My officemate and I will chip in $75 each to buy the air-conditioner. b It is not efficient to buy the air-conditioner since the cost is higher than our individual values. I will buy the air-conditioner and my office-mate will free-ride. The air-conditioner will not be bought by either of us even though it is efficient for us to buy it.

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