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Question 3.3 Consider the game below about funding and construction of a dam to protect a 1,000-person town. Contributions to the Dam Fund, once made,

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Question 3.3 Consider the game below about funding and construction of a dam to protect a 1,000-person town. Contributions to the Dam Fund, once made, cannot be recovered, and all citizens must contribute $1,000 to the dam in order for it to be built. The dam, if built, is worth $70,000 to each citizen. One Citizen Contribute to Don't Contribute Dam 10 Dam Other 999 Contribute to Dam $69.000, $69 000 -$1.000. SO Citizens Don't Contribute to Dam 50. -$1.000 Which strategy is the equilibrium? Justify your answer, b) If each player chose a maximin strategy, what would be the financial outcome for each group of people

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