Refer to the above figure. Ajax and Greenco are oligopolists. Above you are given the payoff matrix for the two firms giving the payoff associated with different pricing strategies
What is the best strategy for Greenco if Ajax decides on charging a high price? A) high price
B) low price
C) There is no best strategy.
D) Not enough information is given to determine the best strategy.
B
Economics
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The parent company would want to reward managers based on division revenues because
a. The managers usually have the least information about their divisions b. It would incentivize the otherwise clueless managers about the daily activities of their divisions c. The managers usually have the best information about how to run their divisions d. None of the above
Economics
At the point where the disposable income line intersects the consumption function, saving:
a. equals consumption. b. equals disposable income. c. is less than zero. d. is equal to zero.
Economics