Multiple Choice
Price wars among firms:
A) Tend to reduce short-run price stickiness because firms know they can lower their own prices without rival firms lowering their prices
B) Occur when one firm lowers its price and rival firms react by lowering their prices
C) Occur when firms use advertising to take customers away from rival firms
D) Have no impact on the degree of short-run price stickiness
Correct Answer:
Verified
Correct Answer:
Verified
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