QUESTION 1 Nstwork axternalities are important for QUESTION 2 tho last question
ID: 1125932 • Letter: Q
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QUESTION 1 Nstwork axternalities are important for QUESTION 2 tho last question on the question. d. Yes, because tocaneths stihegy chrs the best the quention efor everyone Which of the following markets are oligopolstic? Select al that appy apassenger arlines e. fast food QUESTION 4 Walmart is accused of predatory pricing by Doormart. Walmart ould delend itseltl agans 1 points arguments? wth Walmant allowing both fes to engage in predatory prioing de that heips to detemine when Wlimart han stepped over the ine Click Save and Subreit oze and sbit Cick Save Ale all ouers MacBook Air 0/Explanation / Answer
Q 1) d. Music concert
It is a negetive network externality, as the benefits are a decreasing function of the number of other users. In,music concerts, ticket sold by one or more persons, decrease the chance for others to have a ticket.
Q 2) c. No, because the dominant strategy of the best-prepared students is to answer the last question.
No matter, what other students choose, that student, who knows the last answer very well, will always attend as he is unware about others' choices. He will take no risk and always attempt the question.
Q.3) a. passenger airlines, c. fast food
In these sectors, samall no. of firms has a large quantity of market share.
Q.4) d. Walmart believes that raising prices once Doormart leaves the industry is a poor business decision
As Walmart's predatory pricing is a strategy to sweep out the competitors from the market. In a market with no competition, walmart can easily raise the price again,as there will be no competition left to compete with that pricing policy.
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