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and so if you had middle costs and you didn't reveal
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then they could think you either had middle costs or high costs
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and it's better for you to just reveal that you had middle costs.
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Good, did people hear that? Let me just repeat that.
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So you might think that if I have middle costs,
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you might think that I could reveal or not reveal,
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depending on what the other side thought.
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However, what Alec's arguing correctly,
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is if I don't reveal that I have middle costs,
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the other side, Firm B, knows that my costs are not low.
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So the only way they could mistake me is
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they could think I'm a high cost firm.