Economic and Game Theory
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group (in one or two digits) and 𝑥𝑖 is the level of efforts from 𝑖𝑡h partner. The cost of efforts is 4𝑥1, 3𝑥2 and 2𝑥3 respectively.
What is the NE of this game?
Does payoff at the NE is the best possible one? Explain your answer [Manage messages]