Answer:
firms anticipate rival firms' decisions when they make their own decisions.
Explanation:
Game theory assumes that firms anticipate rival firms' decisions when they make their own decisions. It is very important and necessary for understanding firms operating in an oligopolistic market.
An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
This ultimately implies that, under the game theory, when firms makes a decision about their business, it is expected that they consider how the other firms would react to such decisions.
Answer:Personal marketing plan 1. Outline your distinctive price proposition. In selling, a press release that addresses distinctive variations between like product is thought as a “value proposition”. Triple-crown sales individuals knowledge to elucidate w
Explanation:
Answer:
The current price is $34.40
The price be in three years is $38.70
The price in 15 years is $61.95
Explanation:
In this question, we apply the Gordon model which is shown below:
= Next year dividend ÷ (Required rate of return - growth rate)
where,
Current year dividend
For one year
= $2.15 × (1 + 4%
)
= $2.15 × 1.04
= $2.236
The other items rate would remain the same
Now put these values to the above formula
So, the value would equal to
= 2.236 ÷ (10.5% - 4%)
= $34.40
The price is three years would be
= $34.40 × (1.04) ^ 3 years
= $34.40 × 1.124864
= $38.70
The price is 15th years would be
= $34.40 × (1.04) ^ 15 years
= $34.40 × 1.8009435055
= $61.95
The inverse relationship between price and quantity demanded can be graphically illustrated by <u>a downward sloping curve.</u> Therefore, Option D is the correct statement.
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<h3>What is the relationship between price and quantity?</h3>
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The law of supply and demand is a keystone of present-day economics. According to this theory, the price of a good is inversely associated with the quantity offered.
This makes the experience for plenty of goods because the more high-priced it becomes, much fewer people could be capable of affording it and the demand will finally drop.
Therefore, The inverse relationship between price and quantity demanded can be graphically illustrated by <u>a downward sloping curve.</u> Option D is the correct statement.
learn more about law of demand:
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Answer:
A distribution channel is the correct answer.
Explanation:
