Suppose there are two firms, Boors and Cudweiser, each selling nonalcoholic beer. Suppose Boors and Cudweiser are not viewed as perfect substitutes but rather demand for Boors is QB = 5000 ? 1000PB + 100PC and demand for Cudweiser is QC = 3000 ? 1500PC + 100PB. For simplicity, assume zero marginal costs. Which is the more preferred beer?
a. Boor's
b. Cudweiser
c. they are equally preferred
d. neither are preferred
a
Economics
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When a household owns shares of stock, _____
a. it has ownership rights in that firm b. it is entitled to the majority of the firm's profits c. it is liable to bear the entire loss faced by the firm d. it can consume the firm's products without paying for it e. it is responsible for correcting any defect in the product identified by the customers
Economics
Compounding:
A. is beneficial to borrowers, but costly to savers. B. is beneficial to savers, but costly to borrowers. C. is costly to both borrowers and savers. D. is beneficial to borrowers and savers alike.
Economics