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VashaNatasha [74]
3 years ago
10

Suppose two firms are in a game​ situation, and they each must decide on a strategy regarding whether to select a high price or

a low price. Profits for a firm are highest when it selects a low​ price, while the other selects a high​ price; profits are lowest if one selects a high​ price, while the other selects a low​ price; profits are in between when both select low​ prices; and profits are slightly higher when both select high prices. In the absence of collusion we expect:________
Business
1 answer:
swat323 years ago
4 0

Answer: Both to select low prices.

Explanation:

One of the vital goal of doing business is profit irrespective of the firm. Every business has to deal with funds and when funds is involved profit has to be made even while serving the client in satisfying conditions. The profit enables the firm to be ran smoothly; it's operations and have a reason to be said that their in business. Every firm ooks out for opportunities to make rofit while giving their best. According to the paragraph profits are high when the price of the commodity is reduced, each firm will reduce it's pricing to ensure they make profit.

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Salsk061 [2.6K]

Answer:

i= 8% annual compunded

Explanation:

Giving the following information:

Your parents will retire in 18 years. They currently have $250,000, and they think they will need $1,000,000 at retirement.

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FV= PV*(1+i)^n

Isolating i:

i= [(FV/PV)^(1/n)] - 1

i= [(1,00,000/250,000)^(1/18)] - 1= 0.08

i= 8% annual compunded

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3 years ago
A requirements contract is too vague to be a legally-enforceable agreement. Group of answer choices True False
Akimi4 [234]
FALSE

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6 0
2 years ago
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Elan Coil [88]

Answer: Preview-view-review strategy.

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3 years ago
Notice that real GDP trends upward over time but experiences ups and downs in the short run. These short-run fluctuations in rea
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Answer:

Consider the following explanations

Explanation:

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<h3>What is cash flow statement?</h3>

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For more details about cash flow statement, click here

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