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
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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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

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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