Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 20, 2024

Which of the following is a predictable competitive response to high initial prices? Competition has an incentive to enter the market Competition will stay out

Which of the following is a predictable competitive response to high initial prices?

Competition has an incentive to enter the market

Competition will stay out of the market because your product quality must be high

Competing companies may report you for price gouging

Competition will offer radically different products

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

9781119563099

Students also viewed these Finance questions

Question

What could happen in the environment to create a develop- mental disorder?

Answered: 1 week ago

Question

★★★★★

1. What are the ethical issues in this case from an employees point of view? From managements point of view? From a consumers point of view? 2. Who are the stakeholders , and what are their stakes?...

Answered: 1 week ago

Question

★★★★★

Suppose that you are given a block of IP addresses with 145.121.128.0/22. You want to create four subnets: Subnet 1, Subnet 2, Subnet 3, and Subnet 4. Also suppose that 250 IP addresses need to be...

Answered: 1 week ago

Question

★★★★★

A new business opportunity has an 8 0 % chance of being worth $ 7 5 0 0 0 0 next year and a 2 0 % chance of being worth $ 1 5 0 0 0 0 . The appropriate expected rate of return is 1 3 % . This new...

Answered: 1 week ago

Question

★★★★★

3 Gaussian Mixture Model (GMM) [40 pts] In this problem, you will implement the Gaussian Mature Model (or mixture of Gaussians). You shoulu implement from scratch, using either MATLAB G Python. Use...

Answered: 1 week ago

Question

★★★★★

Create a flowchart of the as-is process using Microsoft Word, . Insert your flowchart below this line. Use process improvement techniques to improve the process. Design a flowchart of the improved...

Answered: 1 week ago

Question

★★★★★

In a cylindrical container with a diameter of 1 8 cm , ?there is oil 1 0 cm high and water 1 2 cm high. Find the maximum fluid height and the pressure at point B by rotating the cylindrical container...

Answered: 1 week ago

Question

★★★★★

Assume the production function of a firm is given as Q= 10 L 0.6K 0.7, if the output is restricted to 200 units, price per unit of labor (L) and capital (K) is birr 10 and birr 8 birr respectively....

Answered: 1 week ago

Question

★★★★★

The following data was taken from the records of the Dallylaang Manufacturing Company for the month of June: WIP, beginning - 7,500 units, 1/4 complete, P10,400; WIP, end - 4,500 units, 2/5 complete;...

Answered: 1 week ago

Previous Question Next Question