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Business, 21.04.2020 21:48 lanakay2006

A town has two gas stations, BP and the Mini-Mart (MM). The gas stations must choose whether to advertise their gasoline. The advertising strategies with corresponding profits are illustrated in the payoff matrix to the right. BP's profits are in red and the Mini-Mart's are in blue. What is each firm's dominant strategy?

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A town has two gas stations, BP and the Mini-Mart (MM). The gas stations must choose whether to adve...
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