Player 1 owns a piece of land and values the land at $10,000. Player 2 is a

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Player 1 owns a piece of land and values the land at $10,000. Player 2 is a subdivider who can develop the land and increase its worth to $20,000. Player 3 is a subdivider who can develop the land and increase its worth to $30,000. There are no other prospective buyers.

Find the characteristic function for this game.

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Rashul Chutani

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