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b) What is the Dominant strategy of ADM?  c) What is the Dominant strategy of Ajinomoto? e) If these 2 firms co-operate can they do better in terms of maximizing their profits?

b) What is the Dominant strategy of ADM?  c) What is the Dominant strategy of Ajinomoto? e) If these 2 firms co-operate can they do better in terms of maximizing their profits?

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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b) What is the Dominant strategy of ADM? 
c) What is the Dominant strategy of Ajinomoto?

e) If these 2 firms co-operate can they do better in terms of
maximizing their profits?

ADM Produce 30 million pounds Produce 40 million pounds Produce 30 million pounds Ajinomoto Ajinomoto makes $180 million profit. ADM makes $180 million profit Ajinomoto makes $160 million profit. ADM makes $200 million profit Produce 40 million pounds Ajinomoto makes $200 million profit. ADM makes $150 million profit Ajinomoto makes $150 million profit. ADM makes $160million profit Back to Table of contents
Transcribed Image Text:ADM Produce 30 million pounds Produce 40 million pounds Produce 30 million pounds Ajinomoto Ajinomoto makes $180 million profit. ADM makes $180 million profit Ajinomoto makes $160 million profit. ADM makes $200 million profit Produce 40 million pounds Ajinomoto makes $200 million profit. ADM makes $150 million profit Ajinomoto makes $150 million profit. ADM makes $160million profit Back to Table of contents
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