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3. In the following setting of franchise for one retailer and PS for the other, what is profit of the manufacturer? (p=130-20, MC=10, franchise fee=f,

3. In the following setting of franchise for one retailer and PS for the other, what is profit of the manufacturer? (p=130-20, MC=10, franchise fee=f, profit sharing contract = (retailer: manufacturer)=(50:50))

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