Assume a duopoly of office supply big box stores where each carries the same merchandise and each advertises that it will "meet or beat" any competitor's price. Assume further that they have no online competition from anyone else. How does the "meet or beat" policy affect buyers in terms of the prices offered to them over the long run? What does this suggest about oligopolistic behavior generally? 10 points for a thoughtful response. Make sure you decide whether and how consumers would benefit from this situation. As for all assignments, any response that seems to quote too extensively from your text OR from any other source OR that uses the same wording as another student's answer will receive NO points. Previous Next