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Use the following case from question
Two ice cream trucks A&B are playing a simultaneous pricing game.If one of them prices low,he gets all the customers,a payoff of 12,while other gets zero.If both price high they each get a payoff of 6 and if both price low,they get a payoff of 5.
-What is the best response of Vendor B to Vendor A pricing high?
Competitive
Pertaining to a situation or environment where entities vie against each other to achieve dominance, success, or meet a certain goal.
Latin American Markets
Refers to the economies and trading systems within countries located in Latin America, noting their unique challenges and opportunities.
Managing Employees
The act of overseeing and guiding employees' work and performance to achieve organizational goals.
Human Capital
The collective skills, knowledge, abilities, health, and motivations of individuals that contribute to their economic value in the workforce.
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