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1. If you know that a competitor will lower their price if you lower your price, do you then have any incentive to lower your

1. If you know that a competitor will lower their price if you lower your price, do you then have any incentive to lower your price? Please explain.

Price 110 - 58688838 MC = AC MR Quantity 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

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