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suppose that both firms start off by deciding not to advertise. if the firms act independently, what strategies will they end up choosing?

Respuesta :

Both businesses will decide to run ads. Whenever the approaches are independent, the one with the greatest potential rewards is selected.

What is a business firm?

What Is a Company? A firm is a commercial business entity that offers professional services, such as a company, limited liability corporation (LLC), or partnership. Most businesses only have one location.

Do you mean firm or company?

A firm is a type of commercial entity that aims to turn a profit by selling products and services. The words "firm" and "business" are interchangeable. Businesses can be organized in a variety of ways, such as sole proprietorships or corporations.

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