Answered

Westonci.ca is your trusted source for finding answers to all your questions. Ask, explore, and learn with our expert community. Explore our Q&A platform to find in-depth answers from a wide range of experts in different fields. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

Background: Travel-Rx plans to spend $6 million to transform 6 recreational vehicles (rv’s) into health labs. The rv’s will tour the Texas offering a $99 heart-health workup to anybody who wants one. The workup consists of a detailed questionnaire and some basic diagnostics (blood pressure, ultrasound, cholesterol test, etc). Using the information from the questionnaire and the diagnostics, a statistical analysis will determine the customer’s risk of a heart “malfunction” in the next year, the next three years, and the next five years. Similar question-based analyses are free online; expensive diagnostic-based analyses are available from doctors; Travel-Rx merges the two. None of the statistical analyses can outperform a coin-flip.

1. Should Travel-Rx expect their competition to behave like Cournot or Bertrand? Explain the logic.

Sagot :

Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.