anyway, often without the restaurant knowing.) Consider a situation where most states in the U.S. adopted legislation that banned platforms from listing non-partnered restaurants. In such a situation, how should a platform like Grubhub alter its contracting strategy with restaurants? Specifically, should Grubhub charge its standard commission fee and enter into contracts that are month-to-month and non-exclusive (which gives restaurants the flexibility to partner with rival platforms too if they wish) or should it charge a lower commission fee and enter into contracts that are exclusive and longer-term (a year or more)