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Business, 24.06.2021 18:40 janyiareese12

The sequential-game tree below illustrates two ice cream shops, Ice Cream Palace and Kingdom Ice Cream, that are deciding whether to advertise vanilla or chocolate. If Ice Cream Palace advertises chocolate, then Kingdom Ice Cream has to advertise chocolate as well. What is the highest possible payoff Kingdom Ice Cream can receive?

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The sequential-game tree below illustrates two ice cream shops, Ice Cream Palace and Kingdom Ice Cre...
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