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Assume that there are two major telecommunication companies operating in a country. The first promises to match the other's prices. The other promises always to
Assume that there are two major telecommunication companies operating in a country. The first promises to match the other's prices. The other promises always to sell at 1 cent cheaper than the first for each 1 MB data plan. Describe the likely sequence of events in this "game theory" and the likely eventual outcome. Could the promise of the second company be seen as credible?
Discuss and provide the expected outcomes with examples.
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