Question
Ireland and England both fish in the North Sea. If this sea is over-fished, the fish stocks will fall and fish will eventually become extinct.
Ireland and England both fish in the North Sea. If this sea is over-fished, the fish stocks will fall and fish will eventually become extinct.
Both countries have to decide whether to fish a lot or a little. T
he payoffs are given in the table below. England Little Lot Ireland Little
Ireland gains 5 England gains 5
Ireland loses 10 England gains 6 Lot
Ireland gains 6 England loses 10
Ireland loses 5 England loses 5
The dominant strategies for the two countries are
A) both countries choosing to fish a little.
B) both countries choosing to fish a lot.
C) Ireland choosing to fish a lot, and England choosing to fish a little.
D) England choosing to fish a lot, and Ireland choosing to fish a little.
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