Author Question: Horizontal contracts often a. Increase competition between substitute products b. Eliminate ... (Read 35 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?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

For a complete list of videos, visit our video library