No explanation , just answers.
QUESTION 1
Deep discounting and limit pricing are utilized by firms in an effort to do what?
increase demand elasticity |
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Artificially change equilibrium price and quantity |
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Gain entrance into a market with high barriers to entry |
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avoid competition |
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Gain entrance into a market with high brand loyalty and/or brand identification |
QUESTION 2
Which of the following is true of an industry’s Herfindahl-Hirschmann Index (HHI)?
A low score indicates a monopolistic market |
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It is used to determine the amount of collusion in an industry |
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It measures the amount of government involvement in an industry |
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A high score indicates an oligopolistic market structure |
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Higher scores indicate increasing power of labor over wages QUESTION 3 Price support programs are most likely to exist in which of the following situations?
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Question—1
Gain entrance into a market with high barriers to entry
The deep discounting and limit pricing are the strategies of the firm to prevent new firm to entry into the market. Here the firm sets a price below the average variable cost of its competitors.
Question—2
A high score indicates an oligopolistic market structures
The HHI indicates market concentration. It is measured by using the square of the market share of each firm in the market.
Question—3
Where buyer power is too great
Question—4
Natural monopolies
The natural monopoly existed in the market because of the higher start-up cost.
Question—5
You will likely look to run independent films or otherwise avoid directly competing with theatre chains
No explanation , just answers. QUESTION 1 Deep discounting and limit pricing are utilized by firms...
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