Table 14-6 There Are Two Mobile Home Manufacturers in Nevada, Sturdy Homes

question 122

Multiple Choice

Table 14-6

There are two mobile home manufacturers in Nevada, Sturdy Homes (S) and My Haven (M) .Sturdy Homes has been in the market for a long time and must now compete with newcomer, My Haven.Suppose that Sturdy Homes believes that My Haven will match any price it sets.Use Table 14-6 to answer the following question and assume throughout that Sturdy Homes believes that My Haven will match any price it sets.
-Refer to Table 14-6.What price will Sturdy Homes charge and what profit does Sturdy Homes expect to make?

• A)Price = $8,000; expected profit = $7 million
• B)Price = $8,000; expected profit = $4 million
• C)Price = $10,000; expected profit = $5 million
• D)Price = $12,000; expected profit = $3 million

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Definitions:

Sigmund Freud

An Austrian neurologist known for founding psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

B. F. Skinner

An influential American psychologist known for developing the theory of behaviorism and for his work on operant conditioning.

Theoretical Diverse

The diversity in theories within a field, signifying a range of perspectives, conceptual models, and explanatory mechanisms.

Theories

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