What is the minimal profit and maximal fine for

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Reference no: EM133459149

Case Study: If you keep quiet, and other snitch on you, then other profits $600, and you get a $100 fine.
If you snitch on the other, you profit $600, and other gets $100 fine.
If you both keep quiet, you'll each profit $200."

Question: For the discussion:

Justify your choice between snitching or being quiet.
What is the minimal profit and maximal fine for which you would snitch on the other (given that being quiet makes you 1/3 of profit)?

Reference no: EM133459149

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