​What would the profits be for Mattie's Dairy if Irene does not enter the market?

A) ​5million
B) 10million
C) 15million
D) ​Zero

Monopolized

A market scenario where a single company or entity has exclusive control over the production, sales, and distribution of a product or service, limiting competition.

Sequential Game

A strategic game in game theory where players make decisions one after another rather than simultaneously, allowing for the observation of previous moves before making a decision.