(a) Explanation Given Information: CE and GCS are planning to discount the price they charge for HAL laptop computer and the table represents CE’s market share as a result of different decisions as, GCS CE $ 900 $ 1 , 000 $ 1 , 200 $ 1 , 000 15 % 60 % 80 % $ 1 , 200 15 % 60 % 60 % $ 1 , 300 10 % 20 % 40 % Formula used: To reduce a matrix by dominance, remove all dominated rows and then remove all dominated columns and repeat till there are no dominated rows and columns. One row dominates the other row if every entry of a row is greater than or equal to the corresponding entries in the other row. And, one column dominates the other column if every entry of a column is less than or equal to the corresponding entries in the other column. Calculation: Consider the table, GCS CE $ 900 $ 1 , 000 $ 1 , 200 $ 1 , 000 15 % 60 % 80 % $ 1 , 200 15 % 60 % 60 % $ 1 , 300 10 % (b) To determine The effect on CE’s best strategy if CE knows that GCS is planning to use reduction by dominance to determine its pricing policy and wants its market share to be as large as possible.

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ISBN: 9781337280426

Author: Stefan Waner, Steven Costenoble

Publisher: Cengage Learning

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Chapter 4.4, Problem 41E

(a)

To determine

To calculate: The price each company should charge and the effect on CE’s market share where CE and GCS are planning to discount the price they charge for HAL laptop computer and the table represents CE’s market share as a result of different decisions as,

GCSCE $900$1,000$1,200$1,00015%60%80%$1,20015%60%60%$1,30010%20%40%

(b)

To determine

The effect on CE’s best strategy if CE knows that GCS is planning to use reduction by dominance to determine its pricing policy and wants its market share to be as large as possible.

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Chapter 4.4, Problem 40E

Chapter 4.4, Problem 42E

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Solution Summary: The author explains how CE and GCS are planning to discount the price they charge for HAL laptop computer and the table represents CE's market share.

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The effect on CE’s best strategy if CE knows that GCS is planning to use reduction by dominance to determine its pricing policy and wants its market share to be as large as possible.

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Chapter 4 Solutions