-The above figure shows the payoff to two airlines,A and B,of serving a particular route.What is Firm A's best response if Firm B decides to enter?
Definitions:
Forges
Workshops or places equipped with furnaces and tools for heating and shaping metal objects.
Reimburse
To pay back or compensate someone for expenses incurred or losses suffered.
Bounce
The return of a paper check or electronic funds transfer due to insufficient funds in the account it was drawn on.
Liable
Being legally responsible or answerable for an act or a circumstance, often involving damage or injury.
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