Explain the importance of predicting the pricing strategies, Microeconomics

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Explain the importance of predicting the pricing strategies

Discussion: "Predicting Price-Setting Strategies"

Respond to the following:

• Determine the importance of predicting the pricing strategies of rival hospitals in the health care industry characterized by mutual interdependence.

• Examine the common price setting strategies of airlines that use game theory. Predict the potential effects of such pricing strategies on the demand for seats, and conclude the resulting impact on the profitability of the airlines.

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