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Business, 18.12.2019 21:31 tlecuyer

Suppose two companies own adjacent oil fields. under the two fields is a common pool of oil worth $30 million. for each well that is drilled, the company that drills the well incurs a cost of $3 million. each company can drill up to two wells. what is the likely outcome of this game if each company pursues its own self-interest?

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Suppose two companies own adjacent oil fields. under the two fields is a common pool of oil worth $3...
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