Suppose there are only 2 farmers who will decide how many goats to have. Let G total number of , and g 1 9 2 the number of picked by G=g 1 +g 2 The that a farmer per is V(G) = 70 - G function of the total of The cost of buying and care of many is c(g) = 10g Note that the banefit and the cast are the same for all farmers. The a farmer from having a , as a function of the total number of , g * V(G) - r(g) = g(70 - G) - 10g Suppose that each farmer simultaneously decides on how many goats each will buy,

Find the pure-strategy Nash equilibriun of this game.

What are the Nash equilibrium payoff levels for the farmers