This topic contains a solution. Click here to go to the answer

Author Question: Barometric price leadership exists when a. one firm in the industry initiates a price change and ... (Read 132 times)

rmenurse

  • Hero Member
  • *****
  • Posts: 513
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
Answer to Question 1

a

Answer to Question 2

a




rmenurse

  • Member
  • Posts: 513
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)


kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

For a complete list of videos, visit our video library