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There are two firms (a,b) and two consumers (1,2). Consumer 1 is more attached to firm a and consumer 2 is more attached to firm b. The maximum price that any consumer is willing to pay is $12. However, if the price difference is greater than $d, they will buy from the lowest price firm. In each game, firms submit simultaneously the prices. This means that as a firm you do not know what price your competitor will charge. If you are too ambitious, you may price too high and lose all the market. If you price very low, it is likely that both consumers will buy from you, but you may not get much from each. You must submit one price for each of the following cases:1. d=1 2. d=2 3. d=3Use your inputed strategy pairwise against each of the strategies submitted by others in the class. Your score will be the total profits made.Input your price (between 0 and 12) for each of the following cases:Price for d=1 , p=Price for d=2, p=price for d=3, p=
Smart University of Lafayette Indiana is a C.E.D. division of Smart University located in Gary Indiana. SU's goal is to maximize profits.. SU is currently maximizing the profit at SU of Lafayette by charging the profit-maximizing tuition rate. T..
then decide what structure the two types of turbine companies have functional matrix divisional team or networking
What is the question you want to use the dataset to try and answer? What is your key independent variable(s)?
Based upon your own internet research, identify and comment on two supply-side initiatives included in the current U.S. stimulus package. Ensure your response includes one strength and one weakness in each of these initiatives.
much has been made of the fact that people dont consistently act with scientific rationality. what is meant
An aerospace company has submitted bids on two separate government contracts, A and B. It feels it has a 50% chance of winning contract A and a 40% chance of winning contract B. Furthermore, it believes that winning contract A is independent of winni..
Does the company behave like a monopoly or more like a competitive firm Has the monopoly been cited for monopoly behavior If so, discuss the behavior and the final outcome of the case. (Hint: Both Microsoft and Wal-Mart have been found guilty of m..
What is the future worth of a series of equal monthly payments of $5,000 if the series extends over a period of six years at 9% interest compounded?
If you can enter only one market, and the cost of entering the market is $250,000, should you enter one of the European markets. If you enter, what is your potential profit.
a restaurantbar is analyzing its pricing of beer. it has determined that the price elasticity of demand for beer is
Presume that the dependent variable in your regression has a non-normal distribution, even after controlling for the x variables (In other words, MLR.6 is violated). Under what circumstances can the OLS coefficients and standard errors still are util..
what will happen to equilibrium of peanut butter traded in the market after the 30% increase in the price of peanut butter? stay the same, increase, not enough info to answer, or decrease. what will happen to the total revenue os us peanut butter..
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