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Business, 27.05.2020 15:58 julio7264

Assume that Waterland and Aquataste make a nonbinding, informal agreement that each will produce 250 gallons of water, charge $1.50 per gallon, and evenly split the profit of $750. If Aquataste sticks to the agreement, Waterland has an incentive to renege on the agreement by producing 350 gallons because Waterland’s profits would then increase from $375 to ___.

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Assume that Waterland and Aquataste make a nonbinding, informal agreement that each will produce 250...
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