A)Collusion and trust between Calvin and Hobbs is necessary if both are to adopt and maintain a low advertising budget.
B)Without collusion and trust between Calvin and Hobbs,both will adopt a high advertising budget.
C)If Calvin adopts a low advertising budget,then Hobbs will be in a position to profit from this.
D)If Hobbs adopts a low advertising budget,then Calvin will be in a position to profit from this.
E)If Hobbs adopts a high advertising budget and Calvin does not,then Hobbs will earn $300 in profits.
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