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Suppose a pulp mill can choose to operate at low output or high output. Profits for the pulp mill are 100 when output is low
Suppose a pulp mill can choose to operate at low output or high output. Profits for the pulp mill are 100 when output is low and 200 when output is high. A downstream fishery is affected by the activity of the pulp mill. If the pulp mill operates at low output, the fishery profits are 250. If the pulp mill operates at high output, the fishery profits are 200. Which response below is true
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