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Two major fishing companies, ABC and XYZ, catch cod in the waters off New England. Because the fish are a common resource, we expect that
Two major fishing companies, ABC and XYZ, catch cod in the waters off New England. Because the fish are a common resource, we expect that if the two companies choose how many fish to catch based on their own self-interest, Group of answer choices the resource will be overused and the result will be the Nash equilibrium. the resource will be used efficiently and the result will be the cooperative outcome. the resource will be overused and the result be the cooperative outcome. the resource will be used efficiently and the result will be the Nash equilibrium
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