Dennis is the International Representative of ABS-CBN and he is planning to partner with a foreign TV network, either BBC or Al-Jazeera. He also learned that ABS- CBN’s closest competitor, GMA 7, is planning to partner with a foreign TV network either CNN or Fox News. If ABS-CBN partners with BBC, it will lose $7,000
Dennis is the International Representative of ABS-CBN and he is planning to partner with a foreign TV network, either BBC or Al-Jazeera. He also learned that ABS- CBN’s closest competitor, GMA 7, is planning to partner with a foreign TV network either CNN or Fox News. If ABS-CBN partners with BBC, it will lose $7,000
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Dennis is the International Representative of ABS-CBN
and he is planning to partner with a foreign TV network,
either BBC or Al-Jazeera. He also learned that ABS-
CBN’s closest competitor, GMA 7, is planning to partner
with a foreign TV network either CNN or Fox News. If
ABS-CBN partners with BBC, it will lose $7,000 if GMA
partners with CNN or gain $9000 if GMA 7 partners
with Fox News. If ABS-CBN partners with Al-Jazeera, it
will gain $2,000 if GMA 7 partners with CNN or lose
$4,000 if GMA 7 partners with Fox News. What should
be Dennis’ strategy? How much gain or loss for ABS-CBN
will he expect? What should be the strategy of GMA 7?
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