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Draw the payoff table for these two companies

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Reference no: EM132942508

Two companies namely A and B has a market share., in which they currently make $5,000,000 each. Both need to determine whether they should advertise. For each company advertising costs $2,000,000 and captures $3,000,000 from the competitor provided the competitor doesn't advertise.

Draw the payoff table for these two companies.

Which decision is better for the compan

Reference no: EM132942508

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