Old marketing ploy called intentional scarcity

Assignment Help Business Economics
Reference no: EM131236999

Was the severe shortage for over two years an old marketing ploy called intentional scarcity, in which a company purposely keeps its hot product in short supply to build buzz. Or was it simply bad planning on Nintendo's part? What did this mean for households? What were the implications for Nintendo?

Furthermore, why did Nintendo drop the price of the Wii console in 2009? How would you expect this would affect company revenues?

As for the publicly funded roads - who might people consider to be free riders when it comes to the roads? Do you agree? What are some externalities, positive or negative, that public roads produce? Think of the case of new "luxury lanes" being made out of carpool lanes on the 110 and 10 freeways (which may extend to the 405 as well). Taxpayers paid for those lanes and pay to maintain them, but they are now only usable if you pay an extra fee. Is that fair?

Reference no: EM131236999

Questions Cloud

What happens to average total cost curve for same drug : When patent protection expires for a pharmaceutical company, it forces changes within the company to adjust its business strategies from a monopolist position to a position that is much more competitive. What happens to the average total cost curve f..
What is the efficient amount of waste disposed : The Acme Waste Company of New York City dumps waste into the Atlantic. What is the market price of disposal? At this price how many tons will be disposed? What is the efficient amount of waste disposed? What price should be charged for disposal?
Patients contracting serum hepatitis from this source : The probability that a unit of blood was donated by a paid donor is .67, if the donor was paid, the probability of contracting serum hepatitis from the unit is .0144. if the donor was not paid, this probability is .0012. A patient receives a unit of ..
Make future supply adjustments to fix oil prices : The secretary general of OPEC, Ali Rodriquez, stated that it would be easier for OPEC nations to make future supply adjustments to fix oil prices that are too high, than it would be to rescue prices that are too low. Evaluate this statement.
Old marketing ploy called intentional scarcity : Was the severe shortage for over two years an old marketing ploy called intentional scarcity, in which a company purposely keeps its hot product in short supply to build buzz. Or was it simply bad planning on Nintendo's part?
For-profit pharmaceutical corporations face in the future : According to your text, which of these is a major challenge that for-profit pharmaceutical corporations face in the future? A big problem a large portion of nursing home staff face is: The pharmaceutical industry is a complex system, with biomedical ..
Why are markets considered to be superior to monopolies : Economists generally believe, and teach their students, that competitive markets (in the sense that we use the term technically) are the best. Why is this the case and why are these markets considered to be superior to monopolies, provide an example ..
Identical and have surplus for good sold by the monopolist : Consumers are uniformly distributed along a linear city of length 1 (assume, for simplicity, U[0, 1]), have transportation costs t per unit of distance, and have unit demands. Except for their location, they are identical and have surplus s for the g..
Obtain the range of income levels for individuals : In the country of Bolivia, bread costs 3bs (bolivianos) per loaf and milk costs 4bs per gallon.The government has decided to attack poverty by guaranteeing 8 loafs of bread and 3 gallons of milk per person per week. Only individuals that cannot affor..

Reviews

Write a Review

Business Economics Questions & Answers

  Traditionally imposed minimum stadium quality specifications

The MLB has traditionally imposed minimum stadium quality specifications for all affiliated minor league teams. What does this restriction accomplish from the perspective of market?

  Which has a higher ytm and why

Which has a higher Y.T.M. and why? What would be the real return on bond A and B if the actual inflation rate is 3%?

  Globalization eventually change the market structure

It is reasonable to assume that the barriers to entry in market will remain in place despite technological change and competition? Consider newspaper. In most countries there are a fee widely- read newspaper, making this particular section an olipolo..

  Calculate the optimal utility-improved environmental quality

Hsiang lives in a densely populated city in China. His utility depends positively on two things, the consumption of a composite good (X) and his health (H), and negatively on air pollution (P). His income is given: Y = 10. The price of X is 1. Calcul..

  The first demand-side elasticity discussed in class

The first demand-side elasticity discussed in class and the readings was the price elasticity of demand (ED). It is defined as the

  Marginal revenue functions

Write the total and marginal revenue functions.

  Find the representative firms short-run supply curve

Suppose a representative firm in a perfectly competitive market has short-run total costs of TC = q2-50q+1000. Find the representative firm’s short-run supply curve. Find the market supply curve if there are 350 firms in the industry..

  Financial crisis-series of unfortunate international events

Suppose the U.S. economy finds itself in a recession after a recent financial crisis and series of unfortunate international events. If the Federal Reserve wants to stabilize the economy, what should it do? Decrease the money supply to increase inter..

  Utilizes the keynesian cross to predict the impact

utilizes the Keynesian cross to predict the impact on equilibrium GDP of equal-sized rise in both the government purchases also taxes

  The short-run effects of cyclone yasi

Explain, using appropriate diagrams, the short-run effects of cyclone Yasi on the profitability of banana growing firm and the industry (impact of any cost/price changes should be clearly illustrated and explained along with the assumption(s) you mak..

  True of a barter economy

Which of the following are true of a barter economy? Check all that apply.

  Define the market power for microsoft in software industry

Microsoft has been a giant in the software industry. Can we define Microsoft as a monopoly? Please explain. In addition, whether the Learner Index works well to define the market power for Microsoft in the software industry? Explain your answer.

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