identify the equilibrium price and profits for each firm
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Assuming that G does enter the market, discuss the profits associated with different pricing scenarios, and identify the equilibrium price and profits for each firm.
Evaluate how a focus on short-term or long-term goals would affect potential profits.
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Solution Summary
Exemplify the profits associated with different pricing scenarios. Evaluate how a focus on short-term or long-term goals would affect potential profits.
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