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Rival Response Your Company's Action Reduce Price Don’t Reduce Price Reduce Price Loss = $400 Gain = $30,000 Don’t Reduce Price Loss $5000 No Loss or Gain If the probability of rivals reducing

Rival Response

Your Company's Action Reduce Price Don’t Reduce Price
Reduce Price Loss = $400 Gain = $30,000
Don’t Reduce Price Loss = $5,000 No Loss or Gain

If the probability of rivals reducing price even though you don’t is 5 percent, what is the expected payoff tonotreducing price?

May 02 2020 View more View Less

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