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Coke and Pepsi are going to play a game three times. During each game, if they both select a low price or a high price, their market share stays the same. But if one selects a low price while the other selects a high price, then the one with the low price gains market share while the one with the high price loses some market share. Based on this information what is the most likely outcome of the first game, the second game and the third game?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91572722

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