all T-Mobile 6:11 PM 1 71% 1) If Delta offers free drinks and snacks on its flig

Question

all T-Mobile 6:11 PM 1 71% 1) If Delta offers free drinks and snacks on its flights, and Southwest follows, this is an example of nonprice competition. True or false? lb) Figure: Firms in Monopolistic Competition TC Price, MCATC Price, Quantity per period per period) per period Figure: Firms in Monopolistic Competition) Examine the figure Firms in Honopolistic Competition. There will be a negative economic profit (or an economic loss) earned at the profit-maximizing price inpanel 1.c 1 C. When countries spend increasingly large amounts of funds on military production as a means of impressing an equally powerful antagonistic neighbor with possible military superionity, a prisoners' dilemma evolves, because both countries would be better off if they did not pursue such a strategy. This is an example of exclusive dealing. a price leadership model. a tacit agreement. an arms race. 1.D Figure: Pricing Strategy in Cable TV Market I AdverftisingGh Figure: Pricing Strategy in Cable TV Market I) Examine the figure Pricing Strategy in Cable TV Market I. If both CableNorth and CableSouth advertise then without any collusion: CableNorth will stop advertising to maximize protits re will be no tendency for either CablkNorth or CableSouth to stop advertising there is a tendency for both CableNorth and CableSouth to stop ABCC

Explanation / Answer

1) Yes providing free snacks and drinks In The Delta flight is an example of non price competition as a non price competition this indil you provide some extra from their pocket so that they can just reduce the risk of price wat.

1b) the answer is I C the third diagram that is MC curve cuts a M R curve and meet the same point at AR curve up to that there is a Economic profit but above we have non economic profit.

1 C )this is an example of arms race where countries has to show their best arms force and there superiority.

1 e) advertisement can increase the information of the product so that it could be sale at the most of the level and it will enhance the profit for the company.

1f) monopolistic competition can maximize profit maximization where marginal cost is equal to marginal revenue.

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