subject
Business, 27.11.2019 19:31 lindseybug

Consider a remote town in which two restaurants, all-you-can-eat cafe? and goodgrub diner, operate in a duopoly. both restaurants disregard health and safety regulations, but they continue to have customers because they are the only restaurants within 80 miles of town. both restaurants know that if they clean up, they will attract more customers, but this also means that they will have to pay workers to do the cleaning. if neither restaurant cleans, each will earn $12,000; alternatively, if they both hire workers to clean, each will earn only $9,000. however, if one cleans and the other doesn't, more customers will choose the cleaner restaurant; the cleaner restaurant will make $16,000, and the other restaurant will make only $4,000.complete the following payoff matrix using the previous information. (note: all-you-can-eat cafe? and goodgrub diner are both profit-maximizing firms.)clean ups goodgrub diner doesn't clean 't cleanall-you-can-eat cafe? and goodgrub diner decide to collude, the outcome of this game is as follows: all-you-can-eat cafe? cleansdoes not cleanand goodgrub dinercleansdoes not clean

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 20:30, kaelah6846
Which of the following best describes a fractional reserve banking system? a. a banking system in which a large portion of the bank's assets are digital money rather than bills and coins. b. a banking system in which banks keep a portion of deposits on hand to satisfy their customer's demands for withdrawals. c. a banking system in which banks have only partial control over the interest rates they charge on loans. d. a banking system in which net worth is calculated by subtracting a fraction of liabilities from assets. 2b2t
Answers: 3
image
Business, 22.06.2019 20:00, kickdoedon
During the month of march 2017, weimar world, a tax-preparation service, had the following transactions. * billed $496,000 in revenues on credit * received $164,000 from customers' accounts receivable * incurred expenses of $194,000 but only paid $87,700 cash for these expenses * prepaid $32,220 for computer services to be used next month what was the company's accrual basis net income for the month? select one: a. $302,000 b. $264,080 c. $ 41,860 d. $408,300 e. none of the above
Answers: 3
image
Business, 22.06.2019 21:00, liamgreene90
You have $5,300 to deposit. regency bank offers 6 percent per year compounded monthly (.5 percent per month), while king bank offers 6 percent but will only compounded annually. how much will your investment be worth in 17 years at each bank
Answers: 3
image
Business, 23.06.2019 02:00, simplychan
Present values. the 2-year discount factor is .92. what is the present value of $1 to be received in year 2? what is the present value of $2,000? (lo5-2)
Answers: 3
You know the right answer?
Consider a remote town in which two restaurants, all-you-can-eat cafe? and goodgrub diner, operate...

Questions in other subjects:

Konu
Mathematics, 25.01.2022 06:50
Konu
English, 25.01.2022 06:50
Konu
History, 25.01.2022 06:50