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Question
Negative market feedback refers to a tendency for
A) one or two firms in an oligopolistic industry to respond to price decreases by initiating efforts to engage in price leadership.
B) a particular product to fall out of favor with additional consumers because other consumers have stopped purchasing the product.
C) the dominant firm in an oligopolistic industry to react to competing firmsʹ price increases by decreasing the price of its own product.
D) price wars to break out in oligopolistic industries in which firms produce products possessing characteristics that make them prone to network effects.
Answer
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Related questions
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