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economic question 3. Suppose George is actually Ben's partner and they set prices to maximize prots at both locations. (a) How do you think prices

economic question

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3. Suppose George is actually Ben's partner and they set prices to maximize prots at both locations. (a) How do you think prices will change relative to your answer to (c) of question 3? Provide intuition. (b) Conrm your intuition by deriving best replies and computing equilibrium prices

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