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Two people are engaged in a joint project. If each person i puts in effort x;, where0 < xi < 1, the cost for him
Two people are engaged in a joint project. If each person i puts in effort x;, where0 < xi < 1, the cost for him is x;, and the outcome of the project is where axx2, wherea is a constant greater than 2. The worth of the project is split equally between the twopeople, regardless of their effort levels. Depending on the value of a, find all possibleequilibrium outcomes of the scenario
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