Puma's share of the athletic shoe market is 30 The own price ...

[karateprodigy]

Puma's share of the athletic shoe market is 30 The own price elasticity of demand for Puma athletic shoes is 2.5 . What would be the own price elasticity of athletic shoes as a whole?
 a. 8.3
 b. 0.75
  c. 0.54
  d. 1.5

Question 2

If the game continues for infinity, then the new Nash Equilibrium is
 a. for one firm to charge a HP forever.
 b. for your firm charge a LP when the other firm does.
 c. for each firm to charge HP so long as the rival does, otherwise charge a LP.
  d. for each firm to charge LP until the rival does, and then to charge a HP forever.

[coreycathey]

Answer to Question 1

b

Answer to Question 2

c

[karateprodigy]

TYSM

[kishoreddi]

Thanks for the timely response, appreciate it