Collusion and pricing Study guides, Class notes & Summaries

PCE 9B Exam Questions with Correct Answers allocative efficiency because their price exceeds marginal cost by changing their advertising and _pricing_ strategies, firms competing in an oligopoly can affect profits and influence the profits of rivals - ANSWER pricing price leaders make price adjustments - ANSWER infrequently, due tot he uncertainty in rivals' response to these price changes by communicating impending price adjustments to the industry by establishing a price that...

PCE 9B Exam Questions with Correct Answers oligopolies typically are not desirable because they - ANSWER do not achieve allocative efficiency because their price exceeds marginal cost by changing their advertising and _pricing_ strategies, firms competing in an oligopoly can affect profits and influence the profits of rivals - ANSWER pricing price leaders make price adjustments - ANSWER infrequently, due tot he uncertainty in rivals' response to these price changes by communicating im...

WGU D077 - Cohort 1 Latest Update Product Concept - * Understanding product dynamics to: -- Showcase the best qualities -- Maximum product features Sales Concept - * Seller's need to convert their product into cash Production Concept - * Consumers will favor products that are available and highly affordable * Organization should focus on improving production and distribution efficiency Marketing Concept - * Firms should analyze customer needs * Make decisions t...

CFE Exam 349 Questions with Verified Answers Falsified Hours & Salary Schemes - CORRECT ANSWER The most common method of misappropriating funds from the payroll is the overpayment of wages. For hourly employees, the size of a paycheck is based on two factors: the number of hours worked and the rate of pay. Therefore, for hourly employees to fraudulently increase the size of their paycheck, they must either falsify the number of hours they have worked or change their wage rate. Common ways ...

game theory - ANSWER-aid to decision making when agents' payoffs, depends on the actions taken by other players simultaneous-move game - ANSWER-makes decision without the knowledge of the other players decisions sequential-move game - ANSWER-makes moves after observing the other player's move one-shot game - ANSWER-make decisions only one repeated game - ANSWER-make decisions more than once dominant strategy - ANSWER-strategy that result in the highest payoff to a player regardl...

PCE 9B Exam Questions with Correct Answers oligopolies typically are not desirable because they - ANSWER do not achieve allocative efficiency because their price exceeds marginal cost by changing their advertising and _pricing_ strategies, firms competing in an oligopoly can affect profits and influence the profits of rivals - ANSWER pricing price leaders make price adjustments - ANSWER infrequently, due tot he uncertainty in rivals' response to th...

Pricing One of the 4 P's; Of the 4 P's, this one is the most unique in that: 1. It's the only one that is revenue-generating 2. Has a direct effect on revenue But companies often focus so much on this that they lose sight of their product's quality Pricing in Different Types of Markets Based on market and demand factors; 4 types: 1. pure monopoly 2. monopolistic competition 3. oligopolistic competition 4. pure competition Pure monopoly Single seller in marketplace; ...

EC385 Midterm Exam Questions With Verified Solutions Variable Ticket Pricing (VTP) - answer•sets ticket prices in line with expected demand for a future game MR is larger for a more attractive game. Dynamic Ticket Pricing (DTP) - answerallows the team to capture additional revenue based on individual game characteristics that are unknown at the start of the season -influences to demand not known before the season open - Scoring streaks Bundling - answer•Teams bundle less attractive t...

CCM Exam Study Guide – HPM 327 Questions with Verified Answers What Is a pre-solicitation notice? - CORRECT ANSWER The pre-solicitation notice helps government agencies determine if there are qualified vendors to perform the work scope. It provides a "heads up" that the solicitation will be released and solicits capability responses from responsible vendors. The pre-solicitation notice also helps the government determine if the requirement can be set-aside for a small business if capable ...

b A common reason firms enter into cross-border strategic alliances is: a. complete control over their foreign operations. b. limited domestic growth opportunities and foreign government economic policies. c. abundance of domestic growth opportunities and foreign government economic policies. d. help from domestic partners from an operational perspective. a A strategy through which a firm collaborates with one or more companies to expand its operations is called: a. corporate-l...