What will be the resultant price in the market, Marketing Management

+44 141 628 6080
[email protected]

What will be the resultant price in the market

Problem

Three firms compete in the fictional widget industry: Alpha, Beta and Gamma.

All three have identical products and the same cost of C_a,b,c=100. They each have many suppliers available to them. Firms can't communicate with each other to coordinate prices, and they can't advertise.

The industry has two customers. The willingness to pay for each customer is Wa,b,c=200.
Each firm can sell to one customer only. This means that one firm will be idle.

If firms and customers compete to get the best possible deal:

a) What will be the resultant price in the market?

b) How much value will be created by all the players?

c) How much value will customers capture?

d) How much value will each firm capture (i.e., firm profit)?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Marketing Management: What will be the resultant price in the market

Reference No:- TGS03232451

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Why you feel unpleasantly hot and sweaty

Working in the yard, you feel unpleasantly hot and sweaty when you come in the house, so you take a shower and begin to feel better.

Identify a specific theory of cognitive or moral development

Problem 1: Identify a specific theory of cognitive or moral development, and summarize the major assumptions.

Examine historical literature to the most current period

Examine historical literature to the most current period to see the growth of romanticism and EXISTENTIALISM. any major developments

Problem on journal articles and non-journal materials

Amanda said? Excellent post, Chrystal. You provided great insight into the helpful resource ERIC digital library is. I appreciate how it states the information

Outline a social issue that is important to you

Outline a social issue that is important to you. Describe why it is important to you, why it is important from a societal perspective and how you think

How teenagers in an impoverished urban area spend their time

The purpose is to examine the psychological factors affecting how teenagers in an impoverished urban area spend their time outside of school using:

Discussion about the nature versus nurture

In our readings, we learn more about the nature versus nurture argument. For this discussion, I want you to go in depth a bit more and debate the importance

Request for Solution File

Ask an Expert for Answer!!

Marketing Management: What will be the resultant price in the market

Reference No:- TGS03232451

Have a Question? (oR Write a Review)

Recent Questions Asked Marketing Management

Q : What did you find in the article that would be helpful

Q : Who was involved in the communication exchange

Q : How much of the payment is interest

Q : What period of time money triple at compounded quarterly

Q : What will be the resultant price in the market

Q : At what nominal interest rate compounded quarterly do

Q : Who should have access to the data contained in the sets

Q : Explain in an email to manager how you plan to manage team

Q : Determine relationship between years of education and salary