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Author Question: Disney and Fox must decide when to release their next films. The revenues received by each studio ... (Read 128 times)

Metfan725

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on: Jun 29, 2018
Disney and Fox must decide when to release their next films. The revenues received by each studio depend in part on when the other studio releases its film. Each studio can release its film at Thanksgiving or at Christmas.
 
  The revenues received by each studio, in millions of dollars, are depicted in the payoff matrix above. Which of the following statements CORRECTLY describes Disney's strategy given what Fox's release choice may be? A) If Fox chooses a Thanksgiving release, Disney should choose a Christmas release.
  B) If Fox chooses a Christmas release, Disney should choose a Thanksgiving release.
  C) Disney should release on Thanksgiving regardless of what Fox does.
  D) Both answers A and B are correct.

Question 2

To maximize profit, the monopolist produces on the ________ portion of its demand where ________.
 
  A) elastic; P = MC
  B) elastic; MR = MC
  C) inelastic; P = MC
  D) inelastic; MR = MC


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tashiedavis420

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Metfan725

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

AmberC1996

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

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