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Fill in the given table, where value of X= 23 Suppose inflationary pressures are so high that maintaining both price and size is no longer
Fill in the given table, where value of X= 23
Suppose inflationary pressures are so high that maintaining both price and size is no longer a viable strategy. Bumblebee Treats LTD and Firey Eats can either choose to Inflate, or Shrinkate_ Fill the table . If both choose Inate, each makes a prot of 50. o If both choose Shrinkate, each firm makes a profit X X = 23 0 Neither firm will prominently display the quantity downsize if they choose Shrinkate, so customers will simply purchase the cheaper box if there is a price difference. The sole shrinkflating firm would earn a profit of 2X. Firefly lnflate Shrin kflate a. Insert the payoffs/profits for each firm in the above matrix using the information given aboveStep by Step Solution
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