this is the homework 7. The following is a case study using a recent event:CVS versus Walgreens: An interesting recent case involves twopharmacists CVS and Walgreens. Rather than a situation where thetwo indulge in a competitive battle against each other over advertisingor a price war, they battle against each other on the services offered.In early June 2010, Walgreens announced that it would “no longer participatein new and renewed benefit plans from its rivals (CVS) drugbenefits unit” (CNN Money, June 7 2010). The main grievance of Walgreenswas CVS Caremark’s Maintenance Choice Plan which startedrequiring patients that have chronic medical conditions to fill their prescriptionsat CVS pharmacies only rather than giving them the choiceto fill it at Walgreens (or other pharmacies). As a result of this announcementboth companies shares fell — CVS fell 8% and Walgreensfell 2.7%. As a response CVS in a couple of days decided to drop Walgreensfrom its pharmacy benefits plan, which would force some of itsbenefits customers to pay a much larger amount to get their drugs fromWalgreens, leading to a potential loss of customers for Walgreens. As aresult CVS shares fell 1.5% and Walgreens fell 3%. Eventually, abouta week later the two pharmacies decided to end their war, coming to acompromise agreement the financial terms of which were not disclosed.As a result both firms saw their stock values increase. write 2 compeltely different Briefly comments on this example as an application of the PrisonersDilemma game each Briefly comments should be at least 135 works that means the 2 Briefly comments should be at least 270 words when you make the comments make it very seprate. the contidion each comment should be compeletly differance each other
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