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Consider this game of chicken in a business setting: Two competing biotechnology companies are both hard at work developing hybrid (disease resistant) grapes. Each company
Consider this game of "chicken" in a business setting: Two competing biotechnology companies are both hard at work developing hybrid (disease resistant) grapes. Each company can afford to tailor their grape variety to only one country: either Italy of South Africa. Both prefer to be the sole entrant into a market and both prefer Italy (the larger market)
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