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Question
A Battle of the Sexes outcome occurs when
A) firms earn highest profits by adopting different product formats.
B) firms earn highest profits by trying to coordinate but cannot agree on how to do so.
C) firms earn highest profits by adopting either male or female product formats.
D) firms cooperate as long as other firms cooperate, but if anyone cheats, they cut the price until the cheater reverts to cooperation.
Answer
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