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13-03-2024
Business

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Company X and Company Y are the only sellers of a good with no close substitutes. They are each considering whether to open a new store. They project the following daily profit payoff scenarios:
a. Company X and Company Y both open new stores
b. Company X opens a new store, but Company Y does not
c. Company Y opens a new store, but Company X does not
d. Neither Company X nor Company Y opens a new store

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