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QUESTION
The last 2 questions. (d) and (e) Games of Strategy (d) Of the possible separating contracts, which one do you expect to prevail?
The last 2 questions. (d) and (e)
Games of Strategy(d) Of the possible separating contracts, which one do you expect to prevail? Give a verbal but not a formal explanation for your answer.
(e) Who gains or loses from the information asymmetry? How much?
