2 Problem 7: Partnership Agreement to Induce High Effort Consider a two-player contractual setting in which the players produce as a team. In the underlying game, players 1 and 2 each select high (H) or low (L) effort. A player who selects H pays a cost of 3: selecting L costs nothing. The players equally share the revenue that their efforts produce. If they both select H, then revenue is 10. If they both select L, then revenue is 0. If one of them selects H and the other selects L, then revenue is x where x is between 0 and 10 (i.e., 0