Use the following case from question
Irene's Dairy is deciding whether or not to enter the market for ice cream,currently monopolized by Mattie's Ice-cream.If it enters the market,Mattie's can either accommodate him and share his 10million in profits equally with Irene or fight him and cause a 5million loss for each in a price war.
-What would the profits be for Mattie's Dairy if Irene does not enter the market?
A)5million
B)10million
C)15million
D)Zero

Question

Use the following case from question
Irene's Dairy is deciding whether or not to enter the market for ice cream,currently monopolized by Mattie's Ice-cream.If it enters the market,Mattie's can either accommodate him and share his 10million in profits equally with Irene or fight him and cause a 5million loss for each in a price war.​
-​What would the profits be for Mattie's Dairy if Irene does not enter the market?
A)​5million
B)10million
C)15million
D)​Zero

Quizplus · Accepted Answer

If Irene does not enter the market, Mattie's Ice-cream remains a monopolist and keeps all its profits, which are mentioned as 10 million.

Use the Following Case from Question