A firm that practices price competition engages in which one of the fo – McqOptions

MCQOPTIONS

1.	A firm that practices price competition engages in which one of the following strategies?
A.	Beating or matching the prices of competitions
B.	Setting prices only as low as the second lowest competitor
C.	Competing in both price and product differentiation
D.	Letting other firms cut price while it retains profitability
Answer» B. Setting prices only as low as the second lowest competitor

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