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Home Depot and Lowe's are in a price war on refrigerators. Refrigerators at Home Depot cost $1,000 with a price matching guarantee of a 10%
Home Depot and Lowe's are in a price war on refrigerators. Refrigerators at Home Depot cost $1,000 with a price matching guarantee of a 10% rebate on the price difference with Lowe's, whose refrigerators cost $800. Is this price matching guarantee with a 10% rebate beneficial to the consumer? a. No, both Lowe's and Home Depot will stop selling refrigerators. b. Yes, consumers will be able to buy refrigerators at either store at the Low Price of $800, the lower posted price. c. Yes, consumers will be able to buy their refrigerators at Home Depot for $780. d. No, eventually both stores will offer the price matching with rebate and post the price of refrigerators at $1,000, the High Price
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