For what values of (theta) is a pooling equilibrium possible in general? In particular, if (c=$ 15,000,
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For what values of \(\theta\) is a pooling equilibrium possible in general? In particular, if \(c=\$ 15,000, w_{b}=\$ 40,000\), and \(w_{l}=\$ 20,000\), for what values of \(\theta\) is a pooling equilibrium possible?
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