Proctor and Gamble (P&G;) plans to enter the Japanese market for consumer produc

Question

Proctor and Gamble (P&G;) plans to enter the Japanese market for consumer products along with two other firms. The table below show's P&G;'s profit (in thousands of dollars per month) at various combinations of prices for P&G; and the two competing firms. Competitors 1.40 - 194 1.80 - 155 1.70 - 165 - 15 47 62 52 30 1.60 -174 1.50 - 183 - 43 15 29 20 1.10 -226 - 106 1.20 - 215 1.30 - 204 - 73 -19 P&G; 1.10 1.20 1.30 1.40 1.50 1.60 1.70 1.80 -37 46 36 78 68 -44 12 -15 - 51 15 13 -28 - 57 - 93 17 - 102 What are the fims' strategies? The firms pick OA, profits. B. quantities. OC. competition. O D. advertising. OE, prices

Explanation / Answer

Answer is option E, because as mentione in the question the firms are choosing prices so as to maximize profit.

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