Two competing businesses are in a situation where if they both act in their own immediate self-interest, they will end up with lower profits than if they had coordinated their actions. Arrange the following steps in the logical order that describes how they might move from this suboptimal outcome to a better, mutually beneficial one.
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Two competing businesses are in a situation where if they both act in their own immediate self-interest, they will end up with lower profits than if they had coordinated their actions. Arrange the following steps in the logical order that describes how they might move from this suboptimal outcome to a better, mutually beneficial one.
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