Business, 03.07.2020 18:01 tporter00

Suppose there are only two firms that sell smartphones: Flashfone and Pictech. The payoff matrix that follows shows the profit (in millions of euros) each company will earn, depending on whether it sets a high or low price for its phones. Pictech Pricing High LowFlashfone Pricing High 11, 11 2, 18 Low 18, 2 10, 10For example, the lower-left cell shows that if Flashfone prices low and Pictech prices high, Flashfone will earn a profit of $10 million and Pictech will earn a profit of $3 million. (Hint: Assume this is a simultaneous game and that Flashfone and Pictech are both profit-maximizing firms.)Required:a. If Flashfone prices high, Pictech will make more profit if it chooses:b. If Pictech prices high, Flashfone will make more profit if it chooses:

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 21:40

The economic advisor of a large tire store proposes the demand function d(p)equalsstartfraction 1900 over p minus 40 endfraction , where d(p) is the number of tires of one brand and size that can be sold in one day at price p. answer parts (a) through (e) below. a. recalling that the demand must be positive, what is the domain of this function? the domain consists of all possible values of ▼ for which ▼ p d(p) ▼ does not exist. is positive. is zero. is negative. exists.

Answers: 3

Answer

Business, 22.06.2019 10:10

An investment offers a total return of 18 percent over the coming year. janice yellen thinks the total real return on this investment will be only 14 percent. what does janice believe the inflation rate will be over the next year?

Answers: 3

Answer

Business, 22.06.2019 13:40

Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?

Answers: 1

Answer

Business, 22.06.2019 16:30

Summarize the specific methods used by interest groups in order to influence governmental decisions making in all three branches of government. provide at least two examples from each branch.

Answers: 3

Answer

You know the right answer?

Suppose there are only two firms that sell smartphones: Flashfone and Pictech. The payoff matrix tha...

Questions