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The market for bagels contains two firms: BagelWorld (BW) and Bagels'R'Us (BRU). The owners of the two firms decide to fix the price of
The market for bagels contains two firms: BagelWorld (BW) and Bagels'R'Us (BRU). The owners of the two firms decide to fix the price of bagels. The accompanying table shows how each firm's profit (in dollars) depends on whether they abide by the agreement or cheat on the agreement. Bagel World Cheat Abide. Cheat 40 for BRU 40 for BW 80 for BRU Bagels 'R' Us e for BRU Abide 80 for BW 0 for BW 45 for BRU 45 for BW For Bagel World.. is a
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