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Author Question: The manager of a gas station noticed that when prices in the convenience store of the gas station ... (Read 295 times)

pragya sharda

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on: Jul 1, 2018
The manager of a gas station noticed that when prices in the convenience store of the gas station decreased, gas sales increased. This could possibly be because the convenience store products are
 a. usually complements to the gas sales
  b. usually substitutes to the gas sales
 c. usually unrelated to the gas sales
 d. none of the above

Question 2

What is the Nash equilibrium of the game?
 a. Each firm charges a LP
 b. Each firm charges a HP
 c. You charge a LP and your rival charges a HP
  d. None of the above.


snackralk

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

a

Answer to Question 2

a


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