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Using the payoff matrix, X and Y are multiple choice 1 independent, because their profits depend on an agreed-upon price. independent, because their profits depend

Using the payoff matrix, X and Y are multiple choice 1 independent, because their profits depend on an agreed-upon price. independent, because their profits depend on their own price. interdependent, because their profits depend not just on their own price but also on the other firm's price. interdependent, because their profits depend on an agreed-upon price

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