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dlinn [17]
3 years ago
14

5. To advertise or not to advertise Suppose that Fizzo and Pop Hop are the only two firms that sell orange soda. The following p

ayoff matrix shows the profit (in millions of dollars) each company will earn depending on whether or not it advertises: Pop Hop Advertise Doesn't Advertise Fizzo Advertise 8, 8 12, 4 Doesn't Advertise 4, 12 10, 10 For example, the upper right cell shows that if Fizzo advertises and Pop Hop doesn't advertise, Fizzo will make a profit of $12 million, and Pop Hop will make a profit of $4 million. Assume this is a simultaneous game and that Fizzo and Pop Hop are both profit-maximizing firms. If Fizzo decides to advertise, it will earn a profit ofmillion if Pop Hop advertises and a profit ofmillion if Pop Hop does not advertise. If Fizzo decides not to advertise, it will earn a profit ofmillion if Pop Hop advertises and a profit ofmillion if Pop Hop does not advertise. If Pop Hop advertises, Fizzo makes a higher profit if it chooses . If Pop Hop doesn't advertise, Fizzo makes a higher profit if it chooses . Suppose that both firms start off not advertising. If the firms act independently, what strategies will they end up choosing? Fizzo will choose to advertise and Pop Hop will choose not to advertise. Fizzo will choose not to advertise and Pop Hop will choose to advertise. Both firms will choose not to advertise. Both firms will choose to advertise.
Business
1 answer:
Basile [38]3 years ago
4 0
I’m not sure what this question is talking about..... I will get back to you later on this let me rethink it
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What was involved in the american express bluework program? select one:
serg [7]

The American Express BlueWork Program refers to an employee program that aims to increase productivity through giving employees the opportunity to work using four modes of working that are available in the company: <em>Home, Roam, Club, and Hub</em>. Home refers to employees whose primary method of working is by telecommuting, while Roam refers to employees whose primary working place isn’t based from the office or home, but on client’s premises instead.  

Club working styles are provided for employees where they don’t have allocated desks but are instead given the chance to work in different workspaces in the building, while employees who work with a Hub style of working will instead have a dedicated office and work during standard hours. Thus the answer to the question is (A) employees are provided with opportunities for flexible arrangements.

6 0
3 years ago
Canopy services paid k. Canopy, the sole shareholder of canopy services, $5,700 in dividends during the current year. The entry
stepan [7]

The entry to close the dividends account at the end of the year:

It is given that Canopy services paid k. Canopy, the sole shareholder of canopy services, $5,700 in dividends during the current year. The entry to close the dividends account at the end of the year shall be as follows:


Dec. 31, Year;

Retained earnings Debit  $5,700

Dividends              Credit                $5,700

(Being dividends closed to retained earnings)




7 0
3 years ago
Read 2 more answers
All of the following statements are TRUE about the use of defense tactics by the target firm during a hostile takeover EXCEPTa.
12345 [234]

Answer:

d. defense tactics make the costs of a takeover lower.

Explanation:

There's a take over attempt when a company is faced with a hostile takeover attempt.

Defense can be either pre offer takeover or post offer takeover.

In pre offer takeover defense, companies put mechanisms in place to discourage takeover attempts.

Pre takeover defense mechanisms include:

1. Golden parachute: this benefits the managers of a company. It is an agreement where managers are compensated lucratively if they leave the company being targeted for a takeover when there's a change in corporate control.

2. Fair price amendments: this sets a bidding value floor for a target company. This makes the company more expensive

3. Staggered board : this is when its impossible to change all the members of boards of a company.

4. Poison pill

5. Poison put

Post take over defense mechanism usually are put in place after a takeover attempt. They include:

1. White knight defesne : The takeover firm invites another company to purchase it in place of the firm planning an hostile takeover. This can lead to bidding and counter bidding by the third firm and the firm planning the hostile take over. This can eventually leads to winners curse. This usually increases the cost of takeovers

2. Litigation

Not all take over defense tactics are usually effective. Generally, preoffer take over tactics are usually recommended.

3 0
3 years ago
Monopoly producers are faced with A. only a few competitors producing the same product. B. no competitive producers of the same
VashaNatasha [74]

Answer:

B) no competitive producer of the same product

Explanation:

Monopoly refers to a single seller selling a unique product to a large number of buyers. A monopoly dominate the industry has total control of the market.

Characteristics of a Monopoly

1) High barrier to entry: This implies that competitors are restricted. New sellers are not allowed entry.

2) Single seller and large buyers: There is a single seller selling to a large number of consumers in the market.

3) Unique product: The product sold in a monopoly are unique have little or no close substitute.

4) Price Maker: A monopoly decides on the price he wants to sell his product. He can increase the price at will.

5) Economies of scale: A monopoly enjoys economies of scale because he can buy raw materials in large quantity at a reduced price, thereby reducing the cost of production and increasing Profits.

6) No competitor: Since the market is characterised by a single seller, high barrier to entry, then, competitor does not exist in a monopoly market.

3 0
4 years ago
Read 2 more answers
A key determinant of the price elasticity of supply is the a. extent to which buyers alter their quantities demanded in response
inessss [21]

Answer:

d. length of the time period.

Explanation:

The price elasticity of the supply measures the percentage change in the quantity supplied with the percentage change in price

In arithmetically,

The price elasticity of the supply = (percentage change in the quantity supplied ÷ percentage change in price)

It  indicates a direct relationship between the quantity supplied and the price.

Moreover, the key determinant of the price elasticity of supply is time period

6 0
4 years ago
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