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Consider the Following Decision Tree

Question 16

Multiple Choice

Consider the following decision tree.This tree illustrates hypothetical payoffs to General Mills (GM) and Quaker Oats (Q) if they engage in a price war. Consider the following decision tree.This tree illustrates hypothetical payoffs to General Mills (GM) and Quaker Oats (Q) if they engage in a price war. If GM cuts prices,the greatest potential gain is: A) $5 million per year. B) $10 million per year. C) $2 million per year. D) $3 million per year. E) none of the above.
If GM cuts prices,the greatest potential gain is:


A) $5 million per year.
B) $10 million per year.
C) $2 million per year.
D) $3 million per year.
E) none of the above.

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