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AndrewKraus AndrewKraus
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6 years ago
Aqua Inc. and Flora Inc. are two rival firms in the market for baby care products. Both firms are considering opening a new outlet for their products. They have two alternative location choices, one in College Town and the other in Whale Street. The marketing team at Flora has decided to choose the location for its outlet after Aqua chooses the location for its outlet. The game tree given below shows the payoff to each firm for its decisions.

Using the process of backward induction, find out where Aqua should open its outlet.
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Microeconomics

Microeconomics


Edition: 1st
Authors:
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losteinlostein
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Only I can change my life. No one can do it for me.

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AndrewKraus Author
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#2
6 years ago
I'll share this with my friends, thank you for being there
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