The accompanying table shows two firms in a duopoly.Each firm makes its decision without knowledge of the other firm's decision.The payoffs for each firm represent economic profits,and each firm strictly prefers more economic profit than less.If both firms were able to collude and make their supply decisions collectively,Flixbuster would sell ________ subscriptions per month and Nextflix would sell ________ subscriptions per month.
Definitions:
United States
A country located primarily in North America, comprising 50 states, a federal district, five major self-governing territories, and various possessions.
School-Age Children
Typically refers to children in the age group that spans from entering kindergarten through the onset of puberty.
Logic
The study of reasoning, or the science that investigates the principles governing correct or reliable inference.
Concrete Things
refer to objects that are tangible, visible, and touchable, as opposed to abstract concepts.
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