Question
Suppose that two competing television stations, station 1 and station 2, each have 50% of the...
Suppose that two competing television stations, station 1 and station 2, each have 50% of the viewer market at some initial point in time. Assume that over each one-year period station 1 captures 5% of station 2's market share and station 2 captures 10% of station 1 's market share. (a) Make a table that shows the market share of each station over a five-year period. (b) Over the long term, how will the market share be distributed between the two stations?
Homework Answers
Answer #1
Not the answer you're looking for?
Similar Questions
1. Consider the case of two gas stations that are located at two ends of a...
1. Consider the case of two gas stations that are located at two
ends of a small town. The population is uniformly distributed from
these two gas stations. The cost of traveling from one gas station
to the other is 50 cents. The gas stations can buy a gallon of
gasoline in the wholesale market at $1. 25 per gallon a. How does
firm 1 set prices given the price p2 of the other firm?
That is, what is the...
Consider two identical firms competing in a market described by: • (Inverse) Demand: P = 50...
Consider two identical firms competing in a market described
by:
• (Inverse) Demand: P = 50 − Q , where Q = q1 + q2
• Cost Firm 1: C1 = 20q1 +q1^2
• Cost Firm 2: C2 = 20q2 + q2^2
a. (1 point) What is firm 1’s marginal cost? Firm 2’s marginal
cost? What can you observe about these two firms?
b.(2 points) What are the equilibrium price (P∗), production
quantities (q∗1,q∗2), and profits(π∗1,π∗2), if these firms are...
Suppose that 2 firms are competing against each other in Cournot (output) competition and that the...
Suppose that 2 firms
are competing against each other in Cournot (output) competition
and that the market demand curve is given by P = 60 – Q or Q = 60 –
P. In addition, assume the marginal cost for each firm is equal to
0 as we did in class.
a. Solve for firm 1’s
total revenue. Note that this should not require any calculus.
b. If you take the
derivative of firm 1’s total revenue, you should find...
Suppose there are two firms in the market. If they cooperate, they can make $400 each...
Suppose there are two firms in the market. If they cooperate,
they can make $400 each per year in economic profit. If they both
compete, they make $200 per year. If one competes and one tries to
cooperate, the “competer” makes $800 and the cooperator makes $50.
The yearly interest rate is r.
Suppose firm 1 plays a “trigger strategy” of cooperating until
it observes the other firm competing, and then competing ever
afterwards. In this case, for what values...
CITM-600 Assignment-1 (5%) Characterizing Network Traffic There are 1000 stations in a network. Each of the...
CITM-600
Assignment-1 (5%)
Characterizing Network Traffic
There are 1000 stations in a network. Each of the
stations transmit 5 frames/second and size of one
frame is 2000-bits. As, we know in addition to
application data, different protocols add differently sized header
with application data before they are sent through media. The
additional data from protocols are called overhead. For example,
TCP/IP add 20 bytes overhead, UDP adds 8
bytes overhead and Ethernet II adds 38 bytes overhead,
with each data...
Consider two identical firms competing in a market described by: • (Inverse) Demand: P = 50...
Consider two identical firms competing in a market described
by:
• (Inverse) Demand: P = 50 − Q , where Q = q1 + q2
• Cost Firm 1: C1 = 20q1 +q1^2
• Cost Firm 2: C2 = 20q2 + q2^2
a. (1 point) What is firm 1’s marginal cost? Firm 2’s marginal
cost? What can you observe about these two firms?
b.(2 points) What are the equilibrium price (P∗), production
quantities (q∗1,q∗2), and profits(π∗1,π∗2), if these firms are...
Annual cash inflows from two competing investment opportunities are given below. Each investment opportunity will require...
Annual cash inflows from two competing investment opportunities
are given below. Each investment opportunity will require the same
initial investment.
Investment X
Investment Y
Year 1
$
4,000
$
7,000
Year 2
5,000
6,000
Year 3
6,000
5,000
Year 4
7,000
4,000
Total
$
22,000
$
22,000
Click here to view Exhibit 11B-1, to determine the appropriate
discount factor(s) using tables.
Required:
Compute the present value of the cash inflows for each
investment using a 12%...
Annual cash inflows from two competing investment opportunities are given below. Each investment opportunity will require...
Annual cash inflows from two competing
investment opportunities are given below. Each investment
opportunity will require the same initial investment. Compute the
present value of the cash inflows for each investment using a 16%
discount rate. (PLEASE ROUND EACH DISCOUNTED CASH FLOW TO THE
NEAREST DOLLAR)
Year
Investment X
Investment Y
1
$5,500
7,000
2
6,000
6,500
3
6,500
6,000
4
7,000
5,500
Total
$25,000
$25,000
Net Present Value and Competing Projects For discount factors use Exhibit 12B.1 and Exhibit 12B.2. Spiro...
Net Present Value and Competing Projects
For discount factors use Exhibit 12B.1 and Exhibit 12B.2.
Spiro Hospital is investigating the possibility of investing in
new dialysis equipment. Two local manufacturers of this equipment
are being considered as sources of the equipment. After-tax cash
inflows for the two competing projects are as follows:
Year
Puro Equipment
Briggs Equipment
1
$320,000
$120,000
2
280,000
120,000
3
240,000
320,000
4
160,000
400,000
5
120,000
440,000
Both projects require an initial investment of $560,000....
JAVA Bike shares are becoming increasingly common in cities in the United States. Commuters have been...
JAVA
Bike shares are becoming increasingly common in cities in the United States. Commuters have been using bike sharing as a method of transportation for the flexibility, cost savings, exercise, and a myriad of other benefits. While being quite successful, many bike shares are still relatively new and have room for optimization. To help with the optimization process, we want to analyze bike share data from the city of Los Angeles. The first step of the process is to collect...
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 2 minutes ago
asked 4 minutes ago
asked 7 minutes ago
asked 28 minutes ago
asked 33 minutes ago
asked 39 minutes ago
asked 54 minutes ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago