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Two cricket players,Mary and Jane, are outstanding on the university s team. They know if they work together as a team- they can each score 12 points. if one player tries to make it aoe-player show, while the other player"works as a team member" the player ho wants to a one-player show can score18 points, while the other player can only score only 2 points. if both players try to be the show of the team. they each score 8 points.
a) Contstrut a game in strategic form that captures the essence of the decision of Mary and Jane to be team players or one -player shows
b) if the play only once, what strategy do you expect the players to adopt?
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Banks attempt to screen out the good credit risks from the bad credit risks to reduce the incidence of loan defaults. To do this, banks do all of the following except:
Technology, including travel-driven technology, has made the world smaller. It has enabled the rapid exchange of ideas and information, further shrinking the world. This has also led to more porous borders with significant difficulty in ensuring safe..
If the Japanese central bank maintains the disequilibrium fixed exchange rate of 150 yen per U.S. dollar, what happens to Japan's foreign reserves?
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