Answer:
a competitive price
Explanation:
a competitive price
A four firm concentration ratio being just 20% shows and it is not mentioning any monopoly. Also a Herfindahl index of 600 is considered low
therefore a firm in mentioned industry likely to have a competitive price as lot of firms are competing with same market shares.
competitive price is referred to that tactics where all competitor sells all items at same price.
Answer:
a. Revenue = $23,660
b. Revenue = $40,837.50
Explanation:
a) Data and Calculations:
Minimum number of chairs to be sold under the deal = 260
Price at minimum number of chairs (260) = $91
Maximum number of chairs to be sold under the deal = 450
Discount offered for quantity above 260 = $0.25 per chair on the entire order
Price at maximum number (or just above 260 chairs) = $90.75 ($91 - $0.25)
Minimum revenue to be made under this deal = $23,660 (260 * $91)
Maximum revenue to be made under this deal = $40,837.50 (450 * $90.75)
Answer:
Explanation:
it means that the product wont be around aymore since its limited to retailer?
