Applying Game Theory To Strategy
IMPORTANT PLEASE READ FULL INSTRUCTIONS. NO PLAGIARISM! NO QUOTES, MUST PARAPHRASE. I WILL CHECK FOR RECYCLED WORK AND PLAGIARISM. THIS ASSIGNMENT IS DUE 07/07/22 AT 9PM PST. IF YOU CANT MEET THIS DEADLINE, DONT AGREE TO DO MY ASSIGNMENT. PRICE ISNT NEGOTIABLE. PLEASE UNDERSTAND BY ACCEPTING TO DO MY WORK, I HAVE STRICT RULES. I DONT LIKE TO DISPUTE, BUT I WILL IF DIRECTIONS ARENT BEING FOLLOWED. IF I SEE SOMETHING WRONG AFTER PURCHASING, I WILL GIVE YOU A CHANCE TO FIX IT IMMEDIATELY. THIS DOESNT MEAN HOURS LATER. IF YOU TURN SOMETHING INTO ME EARLY, I EXPECT YOU TO FIX MY ASSIGNMENT IMMEDIATELY. DONT LIE TO ME, IF THESE RULES ARENT FOLLOWED, I WILL DISPUTE
Imagine that you own a pharmacy in your area. One of your competitors launches a “We will not be undersold” campaign, which promises consumers 150 % of any difference between its prices and the advertised prices of other pharmacies. Evaluate the social issues in your community as well as the economic culture that is influencing this type of pricing competition. Develop and describe a microeconomic model that is responsive to the service demands of your market. Based on your conclusions, how would you react to this situation and with what business strategy would you approach this? How might you apply game theory to the creation of your strategy?
IMPORTANT PLEASE READ FULL INSTRUCTIONS. NO PLAGIARISM! NO QUOTES, MUST PARAPHRASE. I WILL CHECK FOR RECYCLED WORK AND PLAGIARISM. THIS ASSIGNMENT IS DUE 07/07/22 AT 9PM PST. IF YOU CANT MEET THIS DEADLINE, DONT AGREE TO DO MY ASSIGNMENT. PRICE ISNT NEGOTIABLE. PLEASE UNDERSTAND BY ACCEPTING TO DO MY WORK, I HAVE STRICT RULES. I DONT LIKE TO DISPUTE, BUT I WILL IF DIRECTIONS ARENT BEING FOLLOWED. IF I SEE SOMETHING WRONG AFTER PURCHASING, I WILL GIVE YOU A CHANCE TO FIX IT IMMEDIATELY. THIS DOESNT MEAN HOURS LATER. IF YOU TURN SOMETHING INTO ME EARLY, I EXPECT YOU TO FIX MY ASSIGNMENT IMMEDIATELY. DONT LIE TO ME, IF THESE RULES ARENT FOLLOWED, I WILL DISPUTE
Imagine that you own a pharmacy in your area. One of your competitors launches a “We will not be undersold” campaign, which promises consumers 150 % of any difference between its prices and the advertised prices of other pharmacies. Evaluate the social issues in your community as well as the economic culture that is influencing this type of pricing competition. Develop and describe a microeconomic model that is responsive to the service demands of your market. Based on your conclusions, how would you react to this situation and with what business strategy would you approach this? How might you apply game theory to the creation of your strategy?
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