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

You might also like to view...

Lee-side lows are thermal lows that form due to surface heating over deserts

a. true b. false

Environmental & Atmospheric Sciences

________ takes place more rapidly today because of a decrease in cost and time to move ideas, objects and people

A) Trade B) Diffusion C) Transportation D) Military response

Environmental & Atmospheric Sciences

Creep is considered to be a type of flow. Indicate whether the statement is true or false

Environmental & Atmospheric Sciences

An almost continuous stretch of desert beginning in northern Africa and ending in the Asian nations of Pakistan and India includes the Sahara, the ____________________ Desert, and the Thar Desert

Fill in the blank(s) with correct word

Environmental & Atmospheric Sciences