E C O N 6 01 E XAM 2 1 . W hic h o f th e fo llo w in g is a n e xa m ple o f th e “ m ete rin g” s tr a te gy? a . A d oll c o m pany s e llin g d olls a t a c o st b ut c h arg in g ...

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E C O N 6 01 E XAM 2
1 .
W hic h o f th e fo llo w in g is a n e xa m ple o f th e “ m ete rin g” s tr a te gy?
a .
A d oll c o m pany s e llin g d olls a t a c o st b ut c h arg in g h ig h m arg in s o n d oll
a cce sso rie s
b .
A c e ll p hone c o m pany o ff e rs fr e e lo cke d in p hones b ut c h arg e s h ig h p ric e s p er
c a ll
c .
A c a te rin g c o m pany p ays it s c h efs h ig her w ages to m ake s u re th at b arg a in m ea ls
a re ju st s lig htly b urn t
d .
O nly A a nd B
2 .
A p ro fit c e nte r is …
a .
E va lu ate d b ase d o n m in im iz in g c o sts w it h in th e d iv is io n
b .
E va lu ate d b ase d o n m axim iz in g c o sts w it h in a d iv is io n
c .
E va lu ate d b ase d o n m in im iz in g p ro fit s g e nera te d b y th e d iv is io n
d .
E va lu ate d b ase d o n m axim iz in g p ro fit s g en era te d b y th e d iv is io n
3 .
I n r e peate d g am es, a ll o f th e fo llo w in g a ll a fir m to e sca pe a n in eff ic ie nt “ p ris o ners
d ile m ma” e quilib riu m e xce pt…
a .
B e n ic e , d on’t s tr ik e fir s t
b .
R esp ond im media te ly to n on-c o opera tio n
c .
P unis h c o m petit o rs a s m uch a s y o u c a n
d .
M ake s u re y o ur c o m petit o rs c a n e asily in te rp re t y o ur a ctio ns
4 .
I f th e s e cu rit y g uard is s o m ehow c e rta in th at th e s h oplif te r w ould n ot s te al, h is b est
r e sp onse w ould b e…
a .
B ein g w atc h fu l
b .
S le epin g o n th e jo b
c .
R un
d .
H id e
5 .
J o hn N ash , th e m ath em atic ia n r e sp onsib le fo r th e N ash e quilib riu m , a ls o p ro ve d th at a ny
r e aso nable b arg ain in g o utc o m e w ould
a .
S plit th e g ain s fr o m tr a de
b .
A llo ca te th e g ain s fr o m tr a de to th e s e lle r
c .
A llo ca te th e g ain s fr o m th e tr a e to th e b uye r
d .
A ll th e a bove
6 .
A p harm ace utic a l c o m pany fa ce s a p ric e r e g ula tio n w here it c a nnot c h arg e a ny h ig her
t h an $ 5,0 00 fo r a lif e sa vin g d ru g. T he c o m pa ny k n ow s th at th e p atie nts p ut a h ig h v a lu e
o n th is p ro duct a nd a re w illin g to p ay u p to $ 10,0 00 fo r it . T he c o m pa ny d ecid es to s e ll
t h e d ru g to geth er w it h p erio dic b lo od te stin g fo r $ 10,0 00. T his is a n e xa m ple o f
a .
T yin g
b .
B undlin g
c .
F ra ud, th e c o m pany is n ot a llo w ed to s e ll fo r a ny h ig her th an th e r e g ula to ry p ric e
d .
B oth A a nd B
7 .
U nder th e n on-s tr a te gic v ie w o f b arg ain in g, th e te rm s o f a gre e m en t a re d ete rm in ed b y
a .
Y our o pponents o uts id e o ptio ns
b .
Y our o uts id e o ptio ns
c .
Y our o pponents g ain fr o m a gre em ent

d .
A ll th e a bove
8 .
W hen d ecid in g w hat p ric e to c h arg e c u sto m ers , a fir m m ay c h oose to c h arg e d