Competing restaurants hot dog king and hot dog chef

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Reference no: EM131075955

Competing restaurants Hot Dog King and Hot Dog Chef are attempting to determine their advertising budgets for next year. The two restaurants will have combined sales of $240 million and can spend either $6 million or $10 million on advertising. If one restaurant spends more money than the other, then the restaurant that spends more money will have sales of $190 million. If both companies spend the same amount on advertising, then they will have equal sales. Each dollar of sales yields 10¢ of profit. Suppose each restaurant is interested in

Reference no: EM131075955

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Competing restaurants hot dog king and hot dog chef : Competing restaurants Hot Dog King and Hot Dog Chef are attempting to determine their advertising budgets for next year. The two restaurants will have combined sales of $240 million and can spend either $6 million or $10 million on advertising.

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