Irenes Dairy is deciding whether or not to enter the market for ice cream, currently monopolized by

Fantastic news! We've Found the answer you've been seeking!

Question:

Irene’s Dairy is deciding whether or not to enter the market for ice cream, currently monopolized by Mattie’s Ice-cream. If it enters the market, Mattie’s can either accommodate him and share his 10million in profits equally with Irene or fight him and cause a 5million loss for each in a price war.

What would the profits be for Mattie’s Dairy if Irene does not enter the market?

a.Zero

b.5million

c.10million

d.15million