In Solved Problem 18.3, suppose that the firms will split the cost of a guard if they

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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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Microeconomics

ISBN: 978-0134519531

8th edition

Authors: Jeffrey M. Perloff

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