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This would depend on how the affiliate program is set up. If you read the TOS and affiliate agreement of the program it may tell you how these situations are treated.
I have seen both types of affiliate programs: programs that give commision to the last affiliate visited (cookie is overwritten), and those that pay the first affiliate visited (cookie is not overwritten till it expires.)
You will have to read through the affiliate agreements or ask the company how they handle their affiliate cookies.
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