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Suppose that Fizzy Soda and Townie Soda must choose whether to advertise their soft drinks. In a Nash equilibrium, both firms choose to advertise and earn weekly profits of $80,000. Which of the following statements is (are) TRUE?
Rifting
The process of the Earth's crust being pulled apart, leading to the formation of rift valleys and, eventually, new ocean basins.
Hurricane Sandy
A tropical cyclone that hit the Caribbean and United States in October 2012, causing widespread destruction and flooding, particularly in New York and New Jersey.
Atlantic Coast
The eastern boundary of the North and South American continents, stretching from the Arctic Ocean in the north to the southern tip of South America, characterized by diverse ecosystems and geological features.
Tornado Alley
Tornado Alley is a colloquial term for a region in the central United States particularly prone to frequent and intense tornadoes, primarily due to its unique geographical and climatic conditions.
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