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Assume that: each buyer has a maximum willingness to pay of $249 for one unit of either the incumbent's or the entrant's product; and, both

Assume that: each buyer has a maximum willingness to pay of $249 for one unit of either the incumbent's or the entrant's product; and, both the incumbent and the entrant have a $120 unit cost for serving buyers. What is the best strategy for the entrant? [identify the best p and N] 


How much money does it make? How much money does the incumbent make? 


How much VALUE does the entrant add in the game? Justify your answer with several reasons

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