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3. (30 points) Say that there are two people on a team. Both players select an effort level, ra. Each player pays a cost r2.
3. (30 points) Say that there are two people on a team. Both players select an effort level, ra. Each player pays a cost r2. Each player is paid the sum of their efforts r1 + r2. A. What are the equilibrium effort levels in this game? B. What would the efficient effort levels (the levels that maximize total payout to both players)
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