semi finals

Question 1

differ from the direct price discrimination

Answer 1

indirect price discrimination

Question 2

threats of what marketers

Answer 2

cannibalization

Question 3

is not always profitable

Answer 3

price discrimination

Question 4

uses a different strategy to sort consumer

Answer 4

hewlett packard

Question 5

identify themselves by how many ink cartridges they buy

Answer 5

high value consumer

Question 6

pricing strategy used to sell razor blades

Answer 6

metering

Question 7

slightly different context

Answer 7

bundling

Question 8

allow a seller to extract more consumer surplus

Answer 8

bundled pricing

Question 9

3 basic strategy for slowing profit erosion

Answer 9

1. reducing cost
2. differentiating your products
3. reducing competitive intensity

Question 10

named for john nash the mathematician profiled in sylvia nasar’s

Answer 10

nash equilibrium

Question 11

2 different types of game

Answer 11

sequential move games
simultaneous move games

Question 12

players observes what his/her rivals did before having to move

Answer 12

sequential move games

Question 13

players decides on his/her strategy before knowing the decision of other players

Answer 13

simultaneous move games

Question 14

a game familiar to anyone who has ever used a decision tree

Answer 14

extensive or treeform

Question 15

deciding whether to enter an industry

Answer 15

entrant

Question 16

has two choices: accommodate entry or fight it

Answer 16

incumbent

Question 17

can send them both back to jail to serve the remaining sentences on their previous crimes

Answer 17

district attorney

Question 18

where each player is maximizing her pay off

Answer 18

equilibrium path

Question 19

perhaps the oldest and most structured game

Answer 19

prisoners dilemma

Question 20

shows the tension between group interest and self interest

Answer 20

dating game

Question 21

more likely to arise when parent company runs

Answer 21

inter division conflict

Question 22

features of strategies that earned the highest profit

Answer 22

be nice : start by cooperating and don’t strike first
be easily provoked : respond immediately to rivals
be forgiving : don’t try to punish other player if they defect from the cooperative outcome.
don’t be envious: focus on your own slice of the profit pie, not on your competitor.
be clear : make your competitor can easily interpret your action

Question 23

fdico

Answer 23

federal deposit insurance corporation

Question 24

(3) to avoid winner curse

Answer 24

1. to avoid winner curse, you bid as if everyone else thinks the value is less than your estimate
2. to avoid winner curse, you bid less aggressively as the number of bidder increase
3. oral auction returns high prices in a common value setting that sealed bid auction

Question 25

(2) ways to overcome obstacle

Answer 25

screening
signaling

Question 26

the subject of this section

Answer 26

screening

Question 27

the subject of the next section

Answer 27

signaling

Question 28

describes the effort of less informed parties

Answer 28

screening

Question 29

describes the effort of more informed parties

Answer 29

signaling

Question 30

consumer value a lottery at it expected value

Answer 30

risk neutral

Question 31

consumer value a lottery at less than it’s expected value

Answer 31

risk adverse

Question 32

selection and protect your self against it

Answer 32

anticipate adverse

Question 33

CDOs

Answer 33

collecterallized dept obligation

Question 34

who were given identical credit histories

Answer 34

tester