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4. Two agents, agent 1 and agent 2, can exert effort to produce a joint output according to the following technology: (-' X = 2{1

4. Two agents, agent 1 and agent 2, can exert effort to produce a joint output according to the following technology: (-' X = 2{1 + 'zl.fl where X is the joint output, and .91 and 6'2 denote the effort exerted by agent 1 and agent 2, respectively.

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