Business
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?

answer
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 12:50, tayjohn9774
Kendrick is leaving his current position at a company, and charlize is taking over. kendrick set up his powerpoint for easy access for himself. charlize needs to work in the program that is easy for her to use. charlize should reset advanced options
Answers: 3
image
Business, 22.06.2019 17:00, ocean11618
Oliver is the vice president of production at his company and has been managing the launch of new software systems. he worked with a team of individuals who were tasked to create awareness about a specific product and also to approach potential purchasers of the product. which department managers were part of oliver’s team?
Answers: 3
image
Business, 22.06.2019 17:50, hinokayleen5053
Which of the following is an element of inventory holding costs? a. material handling costs b. investment costs c. housing costs d. pilferage, scrap, and obsolescence e. all of the above are elements of inventory holding costs.
Answers: 1
image
Business, 22.06.2019 20:00, davidaagurto
If a hotel has 100 rooms, and each room takes 25 minutes to clean, how many housekeepers working 8-hour shifts does the hotel need at 50 percent occupancy?
Answers: 1
Do you know the correct answer?
While there is a degree of differentiation between major grocery chains like albertsons and kroger,...

Questions in other subjects:

Konu
Mathematics, 22.12.2019 16:31
Konu
History, 22.12.2019 16:31
Konu
Mathematics, 22.12.2019 16:31