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A small tourist town has two Italian restaurants, Romano's and Giardino's. Normally both restaurants prosper with no advertising. Romano's could take some of Giardino's customers
A small tourist town has two Italian restaurants, Romano's and Giardino's. Normally both restaurants prosper with no advertising. Romano's could take some of Giardino's customers by running radio ads, and Giardino's could do the same thing. The one-month profit matrix (showing payoffs in thousands of dollars) is:
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