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nguyenduong67 nguyenduong67
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6 years ago
If a firm perceived that the other firm in an implicit pricing agreement dropped its price in an attempt to gain market share then its most likely response would be to
A) engage in a price war.
B) raise price to punish the other firm.
C) keep its price the same.
D) merge with the other firm.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Quinn1981Quinn1981
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