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Price wars are generally good for the consumer and bad for the producer, for this extreme form of direct competition causes prices to fall.
Microeconomics: Principles, Problems, & Policies, 20th Edition
by McConnell, Campbell; Brue, Stanley; Flynn, Sean
Published by
McGraw-Hill Education
ISBN 10:
0077660811
ISBN 13:
978-0-07766-081-9
Chapter 13 - Monopolistic Competition and Oligopoly - Discussion Questions - Page 302: 10
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