Explain the type of pricing strategy that you as the manager of a company would implement for Good X and Good Y with the following price elasticity of demand co efficients. Use diagrams to motivate your answer. a) . Good X: 2.3 (10) b) . Good Y: 0.6 (10) QUESTION TWO [25] 2.1 Explain the kinked demand curve theory of an oligopoly. Include in your answer a discussion of a contemporary oligopoly. (13) 2.2 Discuss and
POSTGRADUATE DIPLOMA IN MANAGEMENT – ACADEMIC AND ASSESSMENT CALENDAR 11.1 ASSIGNMENT QUESTIONS: SEMESTER ONE (JULY – DECEMBER 2020) 11.1.1 ECONOMICS [100] QUESTION ONE [20] Explain the type of pricing strategy that you as the manager of a company would implement for Good X and Good Y with the following price elasticity of demand co efficients. […]