Competing restaurants hot dog king and hot dog chef are


Competing restaurants Hot Dog King and Hot Dog Chef are attempting to determine their advertising budgets for next year. The two restaurants will have combined sales of $240 million and can spend either $6 million or $10 million on advertising. If one restaurant spends more money than the other, then the restaurant that spends more money will have sales of $190 million. If both companies spend the same amount on advertising, then they will have equal sales. Each dollar of sales yields 10¢ of profit. Suppose each restaurant is interested in

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Accounting Basics: Competing restaurants hot dog king and hot dog chef are
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