Example of stackelberg competition

Assignment Help Business Economics
Reference no: EM13999690

Which of the following is an example of Stackelberg competition?

GlaxoSmithKline and Pfizer compete in the HIV drug market by annually announcing their production quotas during the second week of January.

Natura Pet Products introduced the first grain-free dog food; eventually, other dog food companies entered this market but had to limit their production plans, given Natura Pet Products' sizeable market share.

A price war between American Airlines and United Airlines leads to both airlines setting ticket prices equal to marginal cost.

Firestone offers consumer rebates to keep its tire prices below Goodyear's.

Reference no: EM13999690

Questions Cloud

Equilibrium in oligopoly is different from market structures : Equilibrium in oligopoly is different from other market structures because:
The market under cournot competition increases : If the number of firms in the market under Cournot competition increases:
Different store to purchase red beans and rice is two cents : Suppose that three groceries sell Bubba's Gourmet Red Beans and Rice. Bullseye market is able to acquire, stock, and market them for $2.00 per package. OKMart can acquire, stock, and market them for $1.98 per package.  If the cost of going to a diffe..
Under stackleberg competition between two firms : Under Stackleberg competition between two firms, if both firms have the same marginal cost:
Example of stackelberg competition : Which of the following is an example of Stackelberg competition? GlaxoSmithKline and Pfizer compete in the HIV drug market by annually announcing their production quotas during the second week of January. Natura Pet Products introduced the first grai..
Required to submit a prospectus outlining the experiment : Mid-term you will be required to submit a prospectus outlining the experiment you wish to conduct. The prospectus should include an introduction, a motivation for the project, a brief literature review as well as a statement of the research question ..
Price elasticity of demand for tea using midpoint formula : The initial price of a cup of tea is $1, and at that price, 400 cups are demanded. If the price falls to $0.90, the quantity demanded will increase to 500. Calculate price elasticity of demand for tea using the midpoint formula. Calculate the (point)..
What type of violation has joe engaged in : Joe agreed with Auto Insurance Co. not to use his auto for commercial business purposes when he purchased auto insurance. Joe had an accident while delivering pizzas for Bigger Pizza Inc. What type of violation has Joe engaged in?
Full-time job with a considerably higher salary : While you were an intern you bought 5 packages of hot dogs a month. After acquiring a full-time job with a considerably higher salary, you stopped purchasing hot dogs. Explain this behavior? Peter’s Pizzeria sells both pizzas and wings. It wants to i..

Reviews

Write a Review

Business Economics Questions & Answers

  Explain movements in the exchange rate in the short term

Exchange rates can be impacted over the long run or short run. a. There are four forces that affect exchange rates over the long run. Name them. b. Exchange rates can fluctuate quite a lot in a short period of time (a day or two). Which factors help ..

  Why does the piece rate appear as a straight line

On a graph where the total income is on the horizontal axis and the number of tasks is on the vertical axis, why does the piece rate appear as a straight line? Show that if the piece rate goes up, the line become flatter.

  Demand deposits and other checkable deposits

Demand deposits and other checkable deposits have replaced paper and metallic currency as the major source of money used for transactions in the united states. -Credit cards are not money; they are substitutes for the use of money in echange. most of..

  How many german phones can be traded for one u.s.

Suppose a comparable phone costs 500 USD in the U.S. and 300 EUR in Germany. If the nominal exchange rate is 0.8 EUR per 1 USD, then the real exchange rate in terms of how many German phones can be traded for one U.S. phone is

  What are the differences and similarities between a defined

What are the differences and similarities between a defined contribution plan and a defined benefit plan? As an employee, would you rather have a defined contribution plan or a defined benefit plan?

  Motor vehicle expense account

Suppose several additional junior staff are employed in subsequent years after a new business is established. The owner notices a large increase in the motor vehicle expense account.

  Determine the value that dummy variables

Select an economic problem or theory and discuss how dummy variables could be applied. Determine the value that dummy variables would add to your analysis (think outside the box on this one avoid obvious examples like gender, race, etc.).

  How does social class impact a persons life

How does social class impact a person's life? How are we socialized to view social class in America, various groups in poverty, and how do these perceptions shape social policies?

  What is the total cost to all parties over the life

A textbook publisher produces a textbook for $25 per book and sells a lot of 160 to the campus bookstore for $50 per unit. The bookstore sells the textbook new for $75 and used for $60. What is the total cost to all parties (publisher, bookstore, stu..

  Find the reliability of this chip

Time to failure distribution of a computer memory chip follows Normal Distribution with mean 9000 hours and standard deviation 2000 hours. Find the reliability of this chip for a mission of 8000 hours?

  What are the profit-maximizing price and output levels

Robert’s New Way Vacuum Cleaner Company is a newly started small business that produces vacuum cleaners and belongs to a monopolistically competitive market. What are the profit-maximizing price and output levels? Explain them and calculate algebraic..

  What are the basic assumptions of utility theory

What are the basic assumptions of utility theory? In terms of price ratios and ratios of marginal utilities, how can we know when a consumer has maximized his utility from consuming two goods?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd