please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly 10. Questionable business practices according to antitrust agenciesComplete the following table by matching each of the scenarios to the concept of resale price maintenance, predatory pricing, or bundling.ScenarioWarm Winds is the only firm producing air fryers. It costs $460 to produce one air fryer, andWarm Winds sells each air fryer for $900. After Sirocco, a new firm with the same costs asWarm Winds, enters the market for air fryers, Warm Winds starts selling its air fryers for a priceof $330.RightRound is a firm that manufactures record players. Suppose RightRound sells its recordplayers to online retailers for $342 each and requires those online retailers to charge at least$362 to shoppers for each record player.RightRound sells a wide variety of records to retail record stores. RightRound recently pressedtwo new records: a popular pop punk album and a much less popular smooth jazz album.RightRound requires record stores to order 15 copies of the smooth jazz album for every 140copies of the pop punk album bought.True or False: All economists believe that predatory pricing is a profitable business strategy.OTrueFalseResale PriceMaintenanceOPredatoryPricingBundling

10.ScenarioConceptWarm Winds is the only firm producing air fryers. It costs $460 to produce one air…

Answered: 10. Questionable business practices…

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter13: Antitrust And Regulation

Section: Chapter Questions

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10. Questionable business practices according to antitrust agencies Complete the following table by matching each of the scenarios to the concept of resale price maintenance, predatory pricing, or tying. Predatory Pricing Scenario Warm Winds is the only firm producing air fryers. It costs $430 to produce one air fryer, and Warm Winds sells each air fryer for $950. After Sirocco, a new firm with the same costs as Warm Winds, enters the market for air fryers, Warm Winds starts selling its air fryers for a price of $330. Citron is a firm that manufactures electric scooters. Suppose Citron sells its electric scooters to online retailers for $810 each and requires those online retailers to charge at least $840 to shoppers for each electric scooter. RightRound sells a wide variety of records to retail record stores. RightRound recently pressed two new records: a popular pop punk album and a much less popular smooth jazz album. RightRound requires record stores to order 15 copies of the…
10. Questionable business practices according to antitrust agencies Complete the following table by matching each of the scenarios to the concept of resale price maintenance, predatory pricing, or bundling. Resale Price Maintenance Scenario RightRound sells a wide variety of records to retail record stores. RightRound recently pressed two new records: a popular pop punk album and a much less popular smooth jazz album. RightRound requires record stores to order 15 copies of the smooth Jazz album for every 140 copies of the pop punk album bought. Warm Winds is the only firm producing air fryers. It costs $460 to produce one air fryer, and Warm Winds sells each air fryer for $900. After Sirocco, a new firm with the same costs as Warm Winds, enters the market for air fryers, Warm Winds starts selling its air yers for a price of $330. RightRound is a firm that manufactures record players. Suppose RightRound sells its record players to online retailers for $342 each and requires those online…
10. Questionable business practices according to antitrust agencies Complete the following table by matching each of the scenarios to the concept of resale price maintenance, predatory pricing, or tying. Resale Price Predatory Maintenance Pricing Scenario Warm Winds is the only firm producing air fryers. It costs $410 to produce one air fryer, and Warm Winds sells each air fryer for $1,000. After Sirocco, a new firm with the same costs as Warm Winds, enters the market for air fryers, Warm Winds starts selling its air fryers for a price of $330. RightRound sells a wide variety of records to retail record stores. RightRound recently pressed two new records: a popular pop punk album and a much less popular smooth jazz album. RightRound requires record stores to order 15 copies of the smooth jazz album for every 140 copies of the pop punk album bought. RightRound is a firm that manufactures record players. Suppose RightRound sells its record players to online retailers for $209 each and…
10. Questionable business practices according to antitrust agencies Complete the following table by matching each of the scenarios to the concept of resale price maintenance, predatory pricing, or tying Resale Price Maintenance Predatory Pricing Tying Scenario Warm Winds is the only firm producing air fryers. It costs $410 to produce one air fryer, and Warm Winds sells each air fryer for $1,000. After Sirocco, a new firm with the same costs as Warm Winds, enters the market for air fryers, Warm Winds starts selling its air fryers for a price of $330. RightRound sells a wide variety of records to retail record stores. RightRound recently pressed two new records: a popular pop punk album and a much less popular smooth jazz album. RightRound requires record stores to order 15 copies of the smooth jazz album for every 140 copies of the pop punk album bought. RightRound is a firm that manufactures record players. Suppose RightRound sells its record players to online retailers for $209 each…
10. Questionable business practices according to antitrust agencies Complete the following table by matching each of the scenarios to the concept of resale price maintenance, predatory pricing, or tying. Predatory Pricing Scenario SnapFace is a firm that manufactures polaroid cameras. Suppose SnapFace sells its polaroid cameras to online retailers for $159 each and requires those online retailers to charge at least $179 to shoppers for each polaroid camera. Breezy Hut is the only firm producing air conditioners. It costs $1,000 to produce one air conditioner, and Breezy Hut sells each air conditioner for $1,200. After Gregale, a new firm with the same costs as Breezy Hut, enters the market for air conditioners, Breezy Hut starts selling its air conditioners for a price of $550. Wally's sells a wide variety of skateboards to retail sporting good outlets. Wally's recently rolled out two new skateboards: a popular Dallas II and a much less popular Drydeck 3. Wally's requires sporting good…
3. Based on the best available econometric estimates, the market elasticity of demandfor your firm’s product is -2. The marginal cost of producing your product is constant at $50. a. What is your optimal per unit price if you are a monopolist?b. What is your optimal per unit price if you compete against one other firm in a Cournotoligopoly? What is your optimal per unit price if you compete against 20 other firms in aCournot oligopoly?c. What price pattern are you seeing between parts a and b? Explain why this makes intuitivesense (hint: at what price will you eventually sell your product if the number of firmscontinues to increase?).d. Suppose once again you are a monopolist, but your product sells to two different groups ofconsumers segmented by region. The east coast customers have demand elasticity equal towhat is shown above (-2) and your west coast customers have demand elasticity equal to -4.Determine the optimal prices under third-degree price discrimination. What conditions…
10. Questionable business practices according to antitrust agencies Complete the following table by indicating whether each of the scenarios describes the concept of tying, resale price maintenance, or predatory pricing. Predatory Pricing Resale Price Scenario Tying Maintenance Coolaire is the only firm producing refrigerators. It costs $950 to produce a refrigerator, and Coolaire sells each refrigerator for $1,200. After Chillbox, a new firm with the same costs, as Coolaire, enters the market for refrigerators, Coolaire starts selling its refrigerators for a price of $600. Book Bound sells a wide variety of books to retail bookstores. Book Bound recently published two new books: a popular mystery novel and a much less popular history book. Book Bound requires bookstores to buy 15 copies of the history book for every 120 copies of the mystery novel ordered. Televix is a firm that produces televisions. Suppose Televix sells its televisions to retail stores for $900 each and requires…
ne Semester 2023 dules nouncements NWP Assessment Play X signments scussions yllabus Grades Zoom People Turnitin https://calstatela.instructure.com/courses/85933/quizzes/382812/take Oligopoly Oaksville has two tennis instructors, Sam and Jack. The figure shows the demand curve and marginal revenue for tennis lesson appointments and the average total cost. Price and cost (dollars per appointment) Microsoft Office 365 Google Apps Type here to search X F1 @ 2 21 A- F2 A+ F3 Quiz: Homework 7 #3 X F4 BI $ 4 70 60 50 40 30 23 10 ☀ - F5 0 X % 5 2 Alt Text: pink glitter ro X Alt Text: appointments Competitive Outcome, (Pcomp, Qcomp) ☀+ F6 6 MR 8 F7 6 4 10 Quantity (appointments per hour) L yu F8 8 & 7 O MC D ATC F9 Negative Manuscript X * 00 8 F10 ( 9 n F11 ) 0 Oracle Peopl 59°F Mostly clouc ☆ A to F12 Hom
6. Suppose that De Beers is a single-price monopolist in the diamond market. De Beers has five potential customers: Raquel, Jackie, Joan, Mia, and Sophia. Each of these customers will buy at most one diamond and only if the price is just equal to, or lower than, her willingness to pay. Raquel's willingness to pay is $400; Jackie's, $300; Joan's, $200; Mia's, $100; and Sophia's, $0. De Beers's marginal cost per diamond is $100. The result is a demand schedule for diamonds as follows: Quantity of diamonds demanded 0 1 2 3 Price of diamond $500 400 300 200 100 0 a) Calculate De Beers's total revenue and its marginal revenue. From calculation, draw the demand curve and the marginal revenue curve. b) Explain why De Beers faces a downward-sloping demand curve and why the marginal revenue from an additional diamond sale is less than the price of the diamond. c) Suppose De Beers currently charges $200 for its diamonds. If it lowers the price to $100, how large is the price effect? How large is…
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AP CollegeBoard Test Booklet Unit 4 Problem Set Assume that BetterCook’s patent expires. Scheff, a company with the capability to produce the same kitchen appliance as BetterCook, intends to enter the market and charge a lower price than BetterCook for the kitchen appliance. BetterCook is considering whether to maintain its price or to lower its price to match Scheff's price. Scheff is considering whether to advertise its entry into the market. The matrix below shows the payoffs for each combination of strategies, and both players (BetterCook and Scheff) have complete information. The first entry in each cell represents BetterCook’s payoff and the second entry represents Scheff's payoff. Each player independently and simultaneously chooses its strategy. Use the matrix provided below to answer parts (f)-(h). Scheff Advertise Not Advertise Maintain Price $400, $150 $600, $250 BetterCook Lower Price $300, $650 $200, $450 (f) Does Scheff have a dominant strategy? Explain using numbers from…

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