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Author Question: Amber's Ambrosia's share of the delicacy market is 10 If the own price elasticity of the aggregate ... (Read 124 times)

Zoey63294

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on: Jul 1, 2018
Amber's Ambrosia's share of the delicacy market is 10 If the own price elasticity of the aggregate fast food industry is 0.8, what is the own price elasticity of Amber's fast food?
 a. 5
  b. 6
  c. 7
  d. 8

Question 2

What is the best response of firm A, given firm B is charging a High Price?
 a. Charge a low price
 b. Charge a high price
 c. Charge zero, give the good away
  d. All of the above


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CharlieArnold

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

a


Zoey63294

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

rleezy04

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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