As discussed, it is always possible that groups arrive at efficient outcomes through cooperation. But it tempts fate as we are relying on individuals to make decisions based on the social good as opposed to their individual good. Here are a couple of examples to think through: You are in a group of 20 people that all go out to eat at a nice restaurant. PRIOR TO ORDERING MEALS, the group has a choice of either splitting the bill equally or having each person paying for their individual meal. Will the average cost per meal be the same regardless of which strategy is employed? Explain. Have you ever been in this situation? (what happened?) Four roommates are thinking about hiring a $100 / week cleaning service. The roommates value this weekly service differently as follows: Josh values it at $20 Joaquim values it at $40 X A-12 values it at $30 Apple values it as $20 Based on this on this set-up, discuss the following questions: In term of economic logic, should it by provided? What is your criteria? Do you think it will it by provided