Author Question: Horizontal contracts often a. Increase competition between substitute products b. Eliminate ... (Read 83 times)

MirandaLo

  • Hero Member
  • *****
  • Posts: 538
Horizontal contracts often
 a. Increase competition between substitute products
 b. Eliminate competition between substitute products
 c. Do not change the competition between substitute products
  d. None of the above

Question 2

Assume that the price elasticity of demand for movie theatres is -.85 during all evening shows but for all afternoon shows the price elasticity of demand is -2.28 . For the theatre to maximize total revenue, it should
 a. Charge the same price for both shows, holding other things constant.
  b. Charge a higher price for the afternoon shows and lower price for the evening shows, holding other things constant
  c. Charge a lower price for the afternoon shows and higher price for the evening shows, holding other things constant
  d. Need more information



Dunkey

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

b

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

For a complete list of videos, visit our video library