Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 13 - Monopolistic Competition and Oligopoly - Discussion Questions: 10

Answer

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Work Step by Step

Price wars are generally good for the consumer and bad for the producer, for this extreme form of direct competition causes prices to fall.
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