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Author Question: The XYZ Co sells shirts. Shirts with the company label on the tag are perceived to be of higher ... (Read 138 times)

karateprodigy

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The XYZ Co sells shirts. Shirts with the company label on the tag are perceived to be of higher quality than shirts with the store's label. Yet, shirts are of identical quality regardless of label. The demand for perceived high-quality shirts is ph = 50 - qh. The demand for perceived low-quality shirts is pl = 10 + ph - ql. The firm can produce shirts at TC = qh + ql. How many shirts does the firm label as low quality and how many as high quality? What prices are charged?
 
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Question 2

A firm is more likely to adopt multiple brand names for the same product when the good is a nondurable.
 
  Indicate whether the statement is true or false


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Pamela.irrgang@yahoo.com

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karateprodigy

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)


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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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