This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Barometric price leadership exists when a. one firm in the industry initiates a price change and ... (Read 77 times)

rmenurse

  • Hero Member
  • *****
  • Posts: 513
on: Jul 1, 2018
Barometric price leadership exists when
 a. one firm in the industry initiates a price change and the others follow it as a signal of changes in cost or demand in the industry.
  b. one firm imposes its best price on the rest of the industry.
  c. all firms agree to change prices simultaneously.
  d. one company forms a price umbrella for all others.
  e. the firms are all colluding.

Question 2

If the game is played for 10 years, the Nash equilibrium will be
 a. Low, Low
  b. Low, High
  c. High, Low
  d. High, High


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fauacakatahaias

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

a


rmenurse

  • Member
  • Posts: 513
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

nguyenhoanhat

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m
Family interactions change in response to the developing child, and parenting characteristics, such ... Family interactions change in response to the developing child, and parenting characteristics, such ...
Change in Annual Precipitation Over Land, 1901-2010 Change in Annual Precipitation Over Land, 1901-2010
The change in the net of an irradiance, in Wm-2, at the tropopause The change in the net of an irradiance, in Wm-2, at the tropopause
The roots of climate change The roots of climate change
Consistency and Change in Personality Over the Lifespan Consistency and Change in Personality Over the Lifespan
Video: Haustral churning, Gastrocolic reflex and mass peristalsis & Defecation

For a complete list of videos, visit our video library