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Repeat given Exercise for the following situation. There are two pubs in a neighborhood. Three friends, Andrew, Mike, and Ron, like to cap off their working days with a beer at the pub.

Each of them gains a utility of 2 when drinking with only one other friend, a utility of 1 when the three drink together, and a utility of 0 when drinking alone.

Every day each of them independently decides which of the two pubs in the neighborhood he will go to, for a drink.

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M92086603

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