BUSI620 critical thinking 5

| October 22, 2018

Questions for Critical Thinking 5Salvatore Chapter 10:Discussion Questions: 3 and 8.Problems: 1 and 14. Note:1. P1: Use 70 instead of 70% in your Herfindahl index calculation (p.427).Froeb et al. Chapter 10:Individual problems: 10-4.Salvatore Chapter 11:Discussion Questions: 11 and 12.Problems: 2, 6, and 10.Note:DQ12: Explain first the prisoners’ dilemma for cigarette producers before 1971 law. Use table 11-4, replace Low Price with Advertise, and High Price with Don’t Advertise. You would see this is similar to the prisoners’ dilemma.P10(a): The strategies for firm A are low price and high price and the strategies for firm B are enter and don’t enter. What is the best (optimal) strategy for each firm?P10(b) is asking whether firm A would use the low price as a threat if firm B enters.Froeb et al. Chapter 15:Individual problems: 15-4 and 15-5.Note:1. P15-5: Part of the payoff matrix looks like the following:ManagementNo LawyerLawyerLaborNo Lawyer$ , $500,000 $ , $ Lawyer $ , $ $300,000, $ Submit this assignment by 11:59 p.m. (ET) on Sunday of Module/Week 5.

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