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(Figure: Strategic Decisions in a Sequential Game) In the figure, if Chelsea decides to make six units, in the absence of collusion, Rose will likely maximize her profits by producing _____ units with a payoff of:
Statutory Powers
Legal authorities and powers explicitly granted to a government official, body, or institution by a statute or act passed by a legislative body.
President
The elected head of state and government in a republic, responsible for implementing and enforcing laws written by the legislature and, often, also has the role of commander-in-chief of the armed forces.
Impeached and Convicted
The process and outcome where a public official is charged with misconduct and subsequently found guilty by a legislative body, leading to their removal from office.
Resigned
The act of formally giving up a position or office, often in a professional context.
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