Consider a game of the "Jack and Jill" type in which a market is a duopoly and each firm decides to produce either a "high" quantity of output or a "low" quantity of output.

If the two firms successfully reach and maintain the cooperative outcome of the game, then:

a. both the combined profit of the firms and total surplus are maximized.

b. the combined profit of the firms is maximized but total surplus is not maximized.

c. the combined profit of the firms is not maximized but total surplus is maximized.

d. neither the combined profit of the firms nor total surplus is maximized.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

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answer; ///blank(1) longer; blank(2); lessi believe this is correct, plz check first; good luck';

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