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- Understanding the proper pricing strategy is half the battle of developing accurate revenue forecasts. * False True O OThe Internet decreases the threat that new competitors will enter the market. Select one: O True O False IS PAGE$ 80 A pizzeria is the first to offer pizza with cheedar cheese. It is a big hit! Eventually competitors follow suit. 18 16 12 11 271 10 0 40 50 75 When this pizza first hits market, Q* is: Q
- Your niece owns a different type of chicken restaurant. She specializes in chicken and noodles and chicken pot pie. Her pot pie is the better seller. However, when its cold outside, the chicken and noodles is the better seller. She goes through about 100 chickens every two days. It takes about 60 chickens to make 600 pot pies. The other 40 chickens are used to make about 320 chicken and noodle dishes. When its cold outside it takes 70 chickens to meet the demand for chicken and noodles. Construct a production possibilities model that graphically illustrates this problem.Please Help with the followingAnswer all parts quickly..
- The global pandemic 2020 has promoted a race to capture the market for introducing effective vaccine and treatments. a. If PFIZER is the sole vaccine provider given the following information, answer the questions below: Output Price/Unit Total Cost 1 5500 1000 2 5000 1200 3 4500 1500 4 4000 2500 5 3500 4000 6 3000 5700 7 2500 7500 8 2000 9400 9 1500 11400 10 1000 13500 Given the tabular information above find the profit-maximizing output and price also illustrate the same using the two-dimensional labeled diagram. Show the calculation as well. b. Assume if many firms enter into the business of providing vaccine determine: How the demand curve of PFIZER would change and how it would now maximize its profit? The kind of market structure now PFIZER…Which factor would facilitate tacit collusion among firms in a market? a. a decrease in the interest rate. b. a decrease in the probability the market will continue into future periods. c. an increase in the number of firms. d. none of these.A risk-neutral monopoly must set output before it knows the market price. There is a 50 percent chance thefirm's demand curve will be P = 20 − Q and a 50 percent chance it will be P = 40 − Q. The marginal cost of thefirm is MC = Q. The profits are maximized in the expected sense when: 8) _______A) MC = Expected value of price. B) MC = E(MR).C) Expected value of price = E(MR). D) MC < E(MR).
- What is the likelihood that firms would enter the market in the short-run? Use COVID-19 as a market condition to explain the likelihood and further explain an exit strategy if one exists.You are considering entry into a market in which there is currently only one producer (incumbent). If you enter, the incumbent can take one of two strategies, price low or price high. If he prices high, then you expect a $60K profit per year. If he prices low, then you expect $20K loss per year. You should enter if you believe demand is inelastic. you believe the probability that the incumbent will price low is greater than 0.75. you believe the probability that the incumbent will price low is less than 0.75. you believe the market size is growing.answer in short is there an evidence that having two close outs in a month has beneficial effect on sales ?