Fall 2015 Econ 101 Exam 3 Version 1

Max and matt want to go pick blueberries to make

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31. Max and Matt want to go pick blueberries to make blueberry preserves. If they both pick one basket each, they will be able to make preserves and earn $100 each. If they both pick two baskets each, they will earn only $75 each from the sale of the blueberries. If Matt picks one basket and Max picks two, Max will make preserves earning $150 and Matt will earn only $50. If Max picks one basket and Matt picks two, Matt will make preserves earning $150 and Max will earn only $50. How much does Max earn in the non-cooperative equilibrium?
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