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Suppose now the manufacturer and the retailer still work separately from each other. Design a franchise contract so that ( 1 ) together they can

Suppose now the manufacturer and the retailer still work separately from each other. Design a franchise contract so that (1) together they can achieve the total profit as in the integration case (Part II) and (2) it will make the manufacturers profit triple the retailers profit, i.e.,\pi M=3\pi R.
(Q2E). How to design this franchise contract?

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