Two families are trying to decide whether to donate to a fund to build a public park.
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Two families are trying to decide whether to donate to a fund to build a public park. The payoffs are shown in Figure 9P-1.
a. What is the mutually beneficial outcome?
b. Acting in their best interests, what strategy will each family choose?
c. Explain why this game is or is not an example of a prisoners' dilemma.
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