Econ Micro (book Only)
6th Edition
ISBN: 9781337408066
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 15, Problem 5P
a)
To determine
The anticompetitive behavior in the case: When the university wants the buyers of its season tickets for basketball games to buy season tickets for its football games also.
b)
To determine
The anticompetitive behavior in the case of: Collusion between increase in what the diaries charge and their bid on contracts to supply milk to school district.
To determine
The anticompetitive behavior in the case: when the same person serves as the board of directors of ford and general motors.
To determine
The anticompetitive behavior in the case: When in order to drive competitors out of the business a large retailer sells merchandise below the cost
To determine
The anticompetitive behavior in the case: When the producer agrees to sell the soft drinks to the retailer only if promises not to buy from the major competitors of the producers.
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At the 8:10 café, there are equal numbers of two types of customers with the following values. The café owner cannot distinguish between the two types of students because many students without early classes arrive early anyway (that is she cannot price discriminate).
Students with early classes
Students without early classes
Coffee
70
60
Banana
50
100
The MC of coffee is 10. The MC of a banana is 40. Is bundling more profitable than selling separately? HINT: if you sell the bundle, can you make more by offering coffee separately?
If so, what price should be charged for the bundle? (Show calculations)
Your marketing department has identified the following customer demographics in the following table. Construct a demand curve and determine the profit maximizing price as well as the expected profit if MC=$1. The number of customers in the target population is 10,000.
Use the following demand data:
Group
Value
Frequency
Baby boomers
$5
20%
Generation X
$4
10%
Generation Y
$3
10%
`Tweeners
$2
10%
Seniors
$2
10%
Others
$0
40%
Your marketing department has identified the following customer demographics in the following table. Construct a demand curve and determine the profit maximizing price as well as the expected profit if MC=$1. The number of customers in the target population is 10,000.
Group
Value
Frequency
Baby boomers
$5
20%
Generation X
$4
10%
Generation Y
$3
10%
`Tweeners
$2
10%
Seniors
$2
10%
Others
$0
40%
ur marketing department has identified the following customer demographics in the following table. Construct a demand curve and determine the profit maximizing price as well as the expected profit if MC=$1. The number of customers in the target population is 10,000.
Chapter 15 Solutions
Econ Micro (book Only)
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