Answer:
False is the correct answer.
Explanation:
The answer fam is........ D)
Suppose that both firms start off not advertising. If firms act independently, what strategies will they end up choosing (option B) - Both firms will advertise)
<h3>What is an advert?</h3>
An advert is a mass or public media message with is designed to convince people to but into a product, service or an idea.
Hence, it is correct to state rival firms will end up advertising.
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Full Question:
Suppose that both firms start off not advertising. If firms act independently, what strategies will they end up choosing?
A) fizzo will choose not to advertise and Pop Hop will choose to advertise.
B) Both firms will advertise
C) Both firms will choose NOT to advertise
D) Fizzo will chose to advertise and Pop will choosenot to advertise.
The percentage increase of the change in price is gotten as; 48%
<h3>How to calculate percentage price increase?</h3>
We are given;
Old Cost Price = $20
New Cost Price = $9.60
Thus, the increase in price is;
29.60 - 20 = $9.60
The percentage increase is;
Percent increase = (29.60 - 20)/20 * 100%
Percentage Increase = 9.60/20 * 100%
Percentage Increase = 0.48 * 100% = 48%
Complete Question is;
The last time i bought this product , it cost $20.00 but it looks like it cost 29. 60 today? What is the percentage increase?
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