Two logging companies are deciding whether or not to cut down a significant portion of a particular forest that both have access too. Both companies understand the environmental consequences of their actions, knowing that they are trading off higher profits for a better outcome from society's point of view. The payoffs facing these companies are given in the table below.From the table, we know that if Company 2 chooses to cut, Company 1 will choose to ______ the forest. If Company 2 chooses to not cut, Company 1 will choose to ______ the forest.
A. cut, do not cut
B. cut, cut
C. do not cut, do not cut
D. do not cut, cut
B. cut, cut
Environmental & Atmospheric Sciences
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Environmental & Atmospheric Sciences
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Environmental & Atmospheric Sciences
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a. true b. false
Environmental & Atmospheric Sciences
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Fill in the blank(s) with correct word
Environmental & Atmospheric Sciences