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Question 30 (1.25 points) Bob and Doug are fishermen. Where they fish there is common pool of fish worth $180. Each fishing net costs them
Question 30 (1.25 points) Bob and Doug are fishermen. Where they fish there is common pool of fish worth $180. Each fishing net costs them $10 to cast. If they each cast one net, they will each get half of the fish and earn a $80 profit ($90 minus $10 in costs). Assume that having X percent of the total nets means that a person will collect X percent of the total revenue. If Bob were to cast a second net, what will profits be if Doug does not cast a second net 0 Bob $80 and Doug $40 0 Bob $70 and Doug $70 0 Bob $50 and Doug $50 0 Bob $100 and Doug $50
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