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A small community has 10 people, each of whom has a wealth of $2,000. Each individual must choose whether to contribute $100 or $0 to
A small community has 10 people, each of whom has a wealth of $2,000. Each individual must choose whether to contribute $100 or $0 to the support of public entertainment for their community. The money value of the benefit that a person gets from this public entertainment is .65 times the total amount of money contributed by individuals in the community. Use the concept of dominant strategies to predict the outcome of this situation.
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