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fgiga [73]
2 years ago
5

Blue Firm

Business
1 answer:
labwork [276]2 years ago
6 0

Answer:

F. Both firms have a dominant strategy to pick the Low Price option

Explanation:

In the given case as we can see that in the yellow form there is always a greater payoff by having a lesser price so it can be said that it set a less price

Now for the blue firm it also select the lesser price

So here the nash equilibrium would be

= (Low price, low price)

= (26,20)

The first payoff would be considered as a yellow firm and the other one is blue one

Therefore the last option is correct

You might be interested in
How many dollars does Johnson & Johnson make every 20 seconds?
Alex Ar [27]

Answer:

Johnson & Johnson make $51,433.28 every 20 seconds

Explanation:

<u><em>The complete question is</em></u>

I'm playing a riddle game thing and one of the questions is

"How many dollars does Johnson & Johnson make every 20 seconds?"

I found that they make 81.1 billion dollars yearly, but I have no clue how to get it to 20 seconds.

Remember that

1 year=365 days

1 day=24 hours

1 hour=60 minutes

1 minute=60 seconds

so

Convert year to seconds  

(365)(24)(60)(60)=31,536,000\ sec

1 billion=1,000 millions

1 billion=1*10^9

81.1 billion dollars=81.1*10^9 dollars

we have

81.1*10^{9} \frac{\$}{year}

Convert to $/sec

81.1*10^{9}\frac{\$}{year}=81.1*10^{9}/31,536,000=2,571.66\frac{\$}{sec}

Multiply by 20 sec

2,571.66(20)=\$51,433.28

therefore

Johnson & Johnson make $51,433.28 every 20 seconds

3 0
3 years ago
Suppose the price is $6 per sheet of plywood. Suppose the price falls to $4 per sheet of plywood.How much of the increase in con
Pie

Answer:

"$2,500" is the appropriate answer.

Explanation:

The question given seems to be incomplete. Below there is a attachment of full question is provided.

The given values are:

Plywood's price,

= $6 per sheet

Price falls,

= $4

Now,

At price $6, the consumer surplus will be:

= 0.5\times 1000\times (10-6)

= 0.5\times 1000\times 4

= 2,000 ($)

When price falls, the consumer surplus will be:

= 0.5\times 1500\times (10-4)

= 0.5\times 1500\times 6

= 4,500 ($)

Hence,

The increase in consumer surplus will be:

= 4500-2000

= 2,500 ($)

7 0
3 years ago
Which of the following would be considered retail businesses? (Select all that apply.)
Lesechka [4]
These:

department stores AND

online sellers




I hope it helped you!
4 0
3 years ago
The main reason there are fewer production industries than distribution or service industries is that a. there are few things pr
Assoli18 [71]

Answer:

c. production industries need a large initial investment.

Explanation:

The main reason there are fewer production industries than distribution or service industries is that production industries need a large initial investment. Production companies such as energy companies can be partitioned into gas, oil as well as coal generators, the corporations that explore, regain and clarify energy sources as well as power companies that produce effectiveness to corporations as well as individuals. Both sectors of the energy enterprise perform frequently substantial money investments. Similarly power companies, telecommunications companies need continuous investments in support in enhancement to analysis and advancement as well as product manufacturing.

8 0
2 years ago
What is the six steps in the IHOP to go order correct order list
Afina-wow [57]

Answer:

HIOP is the correct answer for this question

5 0
3 years ago
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