You are the manager of a gas station in a small town, and your goal is to maximize profits. Base
Question: 10. You are the manager of the ABC novelty store, and your only competitor is the XYZ novelty store. You are both trying to decide on which magic tricks and party favors to carry in stock. The product mixes available to both of you are low, medium, and high in variety. Your expected earnings in this market are shown in the following table.
Firm XYZ| Firm ABC | Strategy | Low | Medium | High |
| Low | 100,100 | 150,200 | 200,300 | |
| Medium | 200, 75 | 125, 150 | 225, 195 | |
| High | 300, 200 | 100, 225 | 150, 250 |
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Deliverables: Word Document
Deliverables: Word Document
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