subject
Business, 26.11.2019 03:31 Calumworthy6046

While there is a degree of differentiation between major grocery chains like albertsons and kroger, the regular offering of sale prices by both firms for many of their products provides evidence that these firms engage in price competition. for markets where albertsons and kroger are the dominant grocers, this suggests that these two stores simultaneously announce one of two prices for a given product: a regular price or a sale price. suppose that when one firm announces the sale price and the other announces the regular price for a particular product, the firm announcing the sale price attracts 1,000 extra customers to earn a profit of $5,000, compared to the $3,000 earned by the firm announcing the regular price. when both firms announce the sale price, the two firms split the market equally (each getting an extra 500 customers) to earn profits of $2,000 each. when both firms announce the regular price, each company attracts only its 1,500 loyal customers and the firms each earn $4,500 in profits. two combinations of pricing strategies are equilibria of the pricing game described above when played once. what are they?

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 00:00
If his parents cannot alex with college, and two of his scholarships will be awarded to other students if he does not accept them immediately, which is the best option for him?
Answers: 1
question
Business, 22.06.2019 11:20
In 2000, campbell soup company launched an ad campaign that showed prepubescent boys offering soup to prepubescent girls. the girls declined because they were concerned about their calorie intake. the boys explained that “lots of campbell’s soups are low in calories,” which made them ok for the girls to eat. the ads were pulled after parents expressed concern. why were parents worried? i
Answers: 2
question
Business, 22.06.2019 17:30
Danielle enjoys working as a certified public accountant (cpa) and assisting small businesses and individuals with managing their finances and taxes. which general area of accounting is her specialty? danielle specialized in
Answers: 1
question
Business, 23.06.2019 00:40
Mesa company produces wooden rocking chairs. the company has two production departments, cutting and assembly. the wood is cut and sanded in cutting and then transferred to assembly to be assembled and painted. from assembly, the chairs are transferred to finished goods inventory and then are sold.mesa has compiled the following information for the month of february: cutting department assemblydepartmentdirect materials $ 73,000 $ 13,000direct labor 73,000 108,000applied manufacturing overhead 159,000 171,000cost of goods completed and transferred out 233,000 255,000required: 1, 2, 3, & 4. prepare journal entries for the transactions in the cutting and assembly departments of mesa company. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)
Answers: 3
You know the right answer?
While there is a degree of differentiation between major grocery chains like albertsons and kroger,...
Questions
question
Mathematics, 10.12.2020 19:50
question
Biology, 10.12.2020 19:50
question
Chemistry, 10.12.2020 19:50
Questions on the website: 13722367