1. Identify two products that have either fallen sharply in price or gotten significantly better without price increases. Explain why.
2. If an oligopolist knows rivals will match a price cut, would they ever reduce their price?
3. Dominos and Pizza Hut hold 66 percent of the delivered-pizza market. Should antitrust action be taken?
4. How would our consumption of cereal change if cereal manufactures stopped advertising? Would we be better off or worse off?
5. Why are people willing to pay more for Dreyer's ice cream when it has a Starbucks brand on it?