Newfoundland's fishing industry has recently declined sharply due to overfishing, even though fishing companies were supposedly bound by a quota agreement. if all fishermen had abided by the agreement, yields could have been maintained at high levels.

a. model this situation as a prisoner's dilemma in which the players are company a and company b and the strategies are to keep the quota and break the quota. for each possible combination of strategies, decide whether each company could have received a higher payoff in the current period by making a different choice.

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.