Suppose That Sun Beach Only Has Three Movie Theaters

question 74

Multiple Choice

Suppose that Sun beach only has three movie theaters.One movie theater decreases its movie ticket price and later that same day,the other two do the same.Which of the following is true?

• A)This is illegal because the movie theater are colluding.
• B)This is an example of explicit price fixing.
• C)The first movie theater to lower price is probably the implicit price leader.
• D)All of the above are true.

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Definitions:

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Enduring characteristics or tendencies that define an individual's behavior across different situations and time.

Descriptive Methods

Research methods that involve observing and describing the behavior of a subject without influencing it in any way.

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Reasoning that identifies causes or reasons for phenomena, often used to understand why something happened.

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Research methodologies that involve the manipulation of variables to determine cause-and-effect relationships in controlled conditions.