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6 questions
What characteristic does non price-competition have?
Innovation
Research
Collusion
Price-leadership
Price wars
Takes place when rival companies cooperate for their mutual benefit
Problem in game theory that demonstrates why two people might not cooperate even if in their best interests
May lead to short run increases in sales and revenues, but may not be in the long-term commercial interests of a business.
When one firm has a dominant position and firms with lower market shares follow the price changes of the leader
Sales promotions is
Price competition
Non price competition
Price competition examples
low cost airlines
same products
fruits
supermarkets
can lead to bankruptcy
Price-competition
Non-price competition
-free upgrades to products
-exclusive/loyalty schemes
-branding
-sales promotions
Non-price competition
Price competition
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