Question: In Solved Problem 18.3, suppose that the firms will split the cost of a guard if they both vote to hire one. Show the new

In Solved Problem 18.3, suppose that the firms will split the cost of a guard if they both vote to hire one. 

Show the new payoff matrix. Do they hire a guard?

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The benefit of a security guard is 16 per store per hour The cost is 20 per ... View full answer

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