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Consider a scenario where two companies are deciding whether to lower or maintain their product prices. If both lower prices, they both experience reduced profits.

Consider a scenario where two companies are deciding whether to lower or maintain their product prices. If both lower prices, they both experience reduced profits. If one lowers and the other maintains, the former gains market share. If both maintain prices, they both enjoy regular profits. What perspective or concept best describes this situation? Group of answer choices Game theory Best alternative to a negotiated agreement (BATNA) Zone of potential agreements (ZOPA) Tragedy of the commons

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