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 110 100- 90- 80 70 60 50 40 30 20 10 0 0 1 2 3 4 MR MC = AC D 5 6 7 8 9 10 11 12 13 14 15 Quantity