Question: Consider the decision tree in problem 25. If GM cuts prices and Quaker Oats follows this behavior: Quaker Oats loses $2 million GM loses $2
Consider the decision tree in problem 25. If GM cuts prices and Quaker Oats follows this behavior:
Quaker Oats loses $2 million
GM loses $2 million
both firms gain $3 million
Quaker Oats loses $10 million
GM loses $10 million
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