You are the revenue manager for a 150 room limited-service hotel. Today is October 1. For November 1 and November 2, you are experiencing unusually low demand. Your current room rate is $100 and you have 75 rooms booked for each night (50% occupancy). You can decrease your room rate by $10 or $25. In your area, there is only one other limited service hotel and their room rate is currently also $100. Typically, when you lower room rate, they will respond by lowering their room rate by either $10 or $25 as well.is it Sequential - you change your rate first, then the competitor changes their rate. Option B Simultaneous - you and your competitor are changing your rates at the same time