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Use the following case from question
Irene's Dairy is deciding whether or not to enter the market for ice cream,currently monopolized by Mattie's Ice-cream.If it enters the market,Mattie's can either accommodate him and share his 10million in profits equally with Irene or fight him and cause a 5million loss for each in a price war.
-What would be the profits for Mattie's Dairy in equilibrium if Irene does enter the market?
British Pounds
The British pound is the official currency of the United Kingdom, symbolized as GBP, and is one of the world's major currencies traded in foreign exchange markets.
Canadian Dollars
The currency of Canada, represented by the symbol CAD, and used throughout the country for all financial transactions.
Inflation Rate
The inflation rate is the percentage increase in the general price level of goods and services in an economy over a period of time.
Exchange Rate
The price of one country's currency in terms of another's, used in international trade and investment.
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