Economics 1. Consider the tragedy of the commons with n identical farmers discussed in Section 1.2.D. Suppose that n = 2 and that U ( G ) = G -G where G is the maximum number of goats that can be grazed on the green (Gmax in the textbook) and G is the total number of goats. Assume G > c where c is the cost of purchasing a goat. Derive the number of goats on the commons in the Nash equilibrium & compare it to the joint profit maximizing (cooperative) solution