Business, 16.12.2019 22:31 itsme77

Jack b. nimble and jack b. quick are differentiated oligopolists selling candlesticks in a certain market. both can charge either a high or a low price. the payoff matrix below shows their annual profits (in $ million) under the four possible price combinations. matrix cells are identified by letters in their upper right corners.

nimble

high

low

quick

high

(a) pn = 16

pq = 17

(b) pn = 23

pq = 12

low

(c) pn = 14

pq = 18

(d) pn = 12

pq = 13

22. does nimble have a dominant strategy? if so, what is it?

23. does quick have a dominant strategy? if so, what is it?

24. in the absence of collusion, which cell shows the equilibrium price combination in the market?

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 03:00

Put each of them in order. you are a young entrepreneur with a startup business. you now seek credit from the bank to expand it. what are the steps you will have to take? 1. you support your loan application with relevant documents. 2. you fill out the loan application form at the bank 3. you get an approval for the loan and the money is disbursed to your business account 4. you use the credit to further your business plan. 5. you have an interview with the loan officer and you explain your business plan.

Answers: 1

Answer

Business, 23.06.2019 07:50

Acountry has reached a level of economic development where the manufacturing of both semidurable and nondurable consumer goods has just begun. also, the goods demanded relate to equipment and supplies to support manufacturing. in which stage of rostow’s five-stage model of economic growth does the country fit?

Answers: 1

Answer

Business, 23.06.2019 10:40

what is your question? 1 high schoolbusiness 5 points imagine that you have won $100 in the state lottery. you have a choice between spending the money on shopping now or putting it away in a savings account for one year. you decide to spend the money now on shopping. thus, you will lose the interest that you could have earned by saving the money. the lost interest is cost of spending money now.

Answers: 3

Answer

Business, 23.06.2019 13:10

How does cobley connect the ideas of brands and force? what is his point about brands? 2. do consumers act in the ways that they say they do? why or why not? what is the lesson for marketing in this? 3. why do brands need to be careful about not making mistakes? 4. do companies have control over their brands in today's world? why or why not? 5. the video shows how physics can improve marketing. think of a specific insight or idea from a field other than business and discuss how this idea or insight could you as an entrepreneur. entrepreneurship as problem-solving < - your second lab link 1. how did elk become an entrepreneurship? 2. why is problem-solving important in entrepreneurship? 3. do you think you are a problem-solver? why or why not?

Answers: 1

Answer

You know the right answer?

Jack b. nimble and jack b. quick are differentiated oligopolists selling candlesticks in a certain m...

Questions