Reffonomics Video -- Oligopoly (How to Read A Matrix, Part I)
After watching the video, scroll down to take the three multiple choice questions.
1. On a piece of paper redraw the matrix. The dollar amount inside the matrix indicates the profit received from a high ticket price and a low ticket price. (m -- stands for millions)
Airline A information is located in the upper right hand corner of the matrix.
Airline B information is located in the lower left hand corner of the matrix.
Draw the correct ovals and arrows for Airline A.
Draw the correct ovals and arrows for Airline B
Keep the matrix you drew for when you watch the second video (Read a Matrix, Part II)
2. On a piece of paper redraw the matrix. The dollar amount inside the matrix indicates the profit received from a high ticket price and a low ticket price. (m -- stands for millions)
Airline A information is located in the upper left hand corner of the matrix.
Airline B information is located in the lower right hand corner of the matrix.
Draw the correct ovals and arrows for Airline A.
Draw the correct ovals and arrows for Airline B
Keep the matrix you drew for when you watch the second video (Read a Matrix, Part II)
3. On a piece of paper redraw the matrix. The dollar amount inside the matrix indicates the profit received from a high ticket price and a low ticket price. (m -- stands for millions)
Company A information is located first inside the matrix.
Airline B information is located second inside the matrix.
Draw the correct ovals and arrows for Airline A.
Draw the correct ovals and arrows for Airline B
Keep the matrix you drew for when you watch the second video (Read a Matrix, Part II)
