Suppose this is a one-shot game played by City Potato Farm and Country Potato Farm.  What is the cooperative outcome of this game? Is it a good prediction of this game?   options, pick one:  Both City Potato Farm and Country Potato Farm produce 7,000 potatoes; Yes   Both City Potato Farm and Country Potato Farm produce 5,000 potatoes; Yes   Both City Potato Farm and Country Potato Farm produce 5,000 potatoes; No   City Potato Farm produces 7,000 potatoes and Country Potato Farm produces 5,000 potatoes; No   Both City Potato Farm and Country Potato Farm produce 7,000 potatoes; No

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Suppose this is a one-shot game played by City Potato Farm and Country Potato Farm. 

What is the cooperative outcome of this game?

Is it a good prediction of this game?

 

options, pick one: 

Both City Potato Farm and Country Potato Farm produce 7,000 potatoes; Yes
 
Both City Potato Farm and Country Potato Farm produce 5,000 potatoes; Yes
 
Both City Potato Farm and Country Potato Farm produce 5,000 potatoes; No
 
City Potato Farm produces 7,000 potatoes and Country Potato Farm produces 5,000 potatoes; No
 
Both City Potato Farm and Country Potato Farm produce 7,000 potatoes; No
Country Potato Farm
Produce 5,000 potatoes
Produce 7,000 potatoes
$25,000
$35,000
Produce $25,000
5,000
potatoes
$10,000
City Potato
Farm
$10,000
$12,000
Produce $35,000
7,000
potatoes
$12,000
Transcribed Image Text:Country Potato Farm Produce 5,000 potatoes Produce 7,000 potatoes $25,000 $35,000 Produce $25,000 5,000 potatoes $10,000 City Potato Farm $10,000 $12,000 Produce $35,000 7,000 potatoes $12,000
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