OM Ltd is reviewing its marketing policy for the next budget period . It has developed two

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OM Ltd is reviewing its marketing policy for the next budget period . It has developed two new products, X and Y, but it only has sufficient resources to launch one of them . The appropriate states of nature relate to the activities of its competitors and are as follows:

1. Competitors do nothing .

2. Competitors introduce a comparable product.

3. Competitors introduce a superior product.

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