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Recent reports have shown that the streaming giant, Netflix, is losing subscribers and viewers of its programs. However, its rival, Hulu, just reported its highest

Recent reports have shown that the streaming giant, Netflix, is losing subscribers and viewers of its programs. However, its rival, Hulu, just reported its highest viewership ever with the premiere of The Kardashians. Both streamers are deciding on their advertising budgets for the second half of 2023. Each firm can either choose to "maintain" their current level of advertising or can "increase" their current level of advertising. The payoffs associated with these decisions are shown in the matrix below.

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Hulu Increase Maintain Advertising Increase Advertising 100, 100 250 , 70 Netflix Maintain 90, 220 200 , 200 Which of the following statements is true

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