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sinerus sinerus
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6 years ago
In a duopoly, one firm's low-price guarantee
A) guarantees that consumers will pay the lowest price possible.
B) encourages the other firm to cut its prices.
C) eliminates the other firm's incentive to undercut the first firm's price.
D) is ineffective because firms always have an incentive to break their agreements.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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tristiontristion
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sinerus Author
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6 years ago
Brilliant ツ
dianeflunder
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This helped my grade so much Perfect
Lawson1981
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this is exactly what I needed
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