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12 February, 12:47

For example, the lower-left cell shows that if movietonia prices low and videotech prices high, movietonia will earn a profit of $15 million, and videotech will earn a profit of $2 million. assume this is a simultaneous game and that movietonia and videotech are both profit-maximizing firms.

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  1. 12 February, 13:06
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    Find in the detailed solution.
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