Consider the following the pricing game in which Greyhound and Trailways simultaneously choose the price of a seat on their buses from Philly to Allentown. Their choices are: Greyhound: $10, $20, or $50 Trailways: $30 or $40 1. Assume there are 100 customers who will split evenly between the bus lines if the prices are within $10 of each other. If the prices are more than $10 apa
Consider the following the pricing game in which Greyhound and Trailways simultaneously choose the price of a seat on their buses from Philly to Allentown. Their choices are: Greyhound: $10, $20, or $50 Trailways: $30 or $40 1. Assume there are 100 customers who will split evenly between the bus lines if the prices are … Read more