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There's a farmer and a rancher. If no fence is put up, the farmer will suffice $100 worth of property damage due to the rancher's

There's a farmer and a rancher. If no fence is put up, the farmer will suffice $100 worth of property damage due to the rancher's cattle. It costs the farmer $50 to install a fence, and the rancher $75 to install a fence. Please show how we can achieve the social optimal outcome through bargaining, explaining what happens under an agreement and under no agreement.

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